The Moroccan dirham (Arabic: درهم, romanized: dirham, Moroccan Arabic: درهم, romanized: derhem; sign: DH; code: MAD) is the official monetary currency of Morocco. It is issued by the Bank Al-Maghrib, the central bank of Morocco. One Moroccan dirham is subdivided into 100 santimat (singular: santim; Arabic: سنتيم). The exchange rate of the Moroccan dirham is determined within a band of fluctuation of ± 5 percent compared to a central rate established by the central bank of Morocco on the basis of a currency basket composed of the euro and United States dollar by up to 60% and 40% respectively. In 2025 the Moroccan Dirham is still not free convertible. Currency like Euro or Dollar can be converted into Dirham inside Morocco, but the Dirham cannot be converted free into currency like Euro or Dollar. Moroccan Dirhams aren't available outside of Morocco. The Moroccan Dirham cannot be used for payment in the internet.The full integration of the Moroccan economy into the world marked is hindered by the underdeveloped Moroccan currency system.