MAD information
About Moroccan Dirham (MAD)
The Moroccan Dirham (MAD), introduced in 1960, is not just the official currency of Morocco; it symbolizes the nation's deep historical roots and its journey towards economic modernization. It is commonly abbreviated as MAD and represented by the symbol د.م. Replacing the Moroccan Franc, the Dirham marked a new era in Morocco's economic independence following the country's liberation from French and Spanish protectorates.
Historical Background
The introduction of the Moroccan Dirham was a significant milestone in Morocco’s post-colonial era, underscoring the country's move towards establishing a sovereign financial system. This transition was key in manifesting Morocco's new national identity and economic autonomy.
Design and Symbolism
The design of the Moroccan Dirham is a tribute to the country's rich cultural and historical heritage. Banknotes and coins are adorned with images of the late King Mohammed V, modern architectural marvels, and traditional motifs that reflect Morocco's artistic legacy. These designs not only serve as a medium of financial transaction but also tell the story of Morocco's past and present.
Economic Role
The Dirham is central to Morocco’s mixed economy, which is bolstered by sectors like agriculture, mining, manufacturing, and tourism. As the primary medium of exchange, it underpins domestic and international trade, facilitating economic activities that drive growth and development.
Monetary Policy and Stability
Managed by Bank Al-Maghrib, Morocco's central bank, the Dirham has been relatively stable, benefiting from prudent fiscal and monetary policies. The bank's strategies aim to maintain currency stability and inflation control, crucial for economic growth and investor confidence.
International Trade and the Moroccan Dirham
The Dirham plays a significant role in international trade, particularly in the context of Morocco's key exports like phosphates, agricultural products, and textiles. A stable Dirham is vital for maintaining competitive export prices and fostering a favorable trade balance.
Remittances and Economic Impact
Remittances from Moroccans living abroad, particularly in Europe, are an important source of foreign currency. These inflows, exchanged into Dirhams, significantly contribute to the national economy and support the currency's stability.
RCN to MAD conversion rate trend
How to convert RCN to MAD
Buy RCN (or USDT) for MAD (Moroccan Dirham) offers
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell RCN (or USDT) for MAD (Moroccan Dirham) offers
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of RCN to MAD?
Ripio Credit Network to Moroccan Dirham is rising this week.RCN to MAD Conversion tables
The exchange rate of Ripio Credit Network is increasing.RCN to MAD
MAD to RCN
RCN to MAD Today vs. 24 hours ago
| Amount | 22:56 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 RCN | $0.0003773 | $0.0003780 | -0.17% |
| 1 RCN | $0.0007546 | $0.0007559 | -0.17% |
| 5 RCN | $0.003773 | $0.003780 | -0.17% |
| 10 RCN | $0.007546 | $0.007559 | -0.17% |
| 50 RCN | $0.03773 | $0.03780 | -0.17% |
| 100 RCN | $0.07546 | $0.07559 | -0.17% |
| 500 RCN | $0.3773 | $0.3780 | -0.17% |
| 1000 RCN | $0.7546 | $0.7559 | -0.17% |
RCN to MAD Today vs. 1 month ago
| Amount | 22:56 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 RCN | $0.0003773 | $0.0003667 | +2.89% |
| 1 RCN | $0.0007546 | $0.0007335 | +2.89% |
| 5 RCN | $0.003773 | $0.003667 | +2.89% |
| 10 RCN | $0.007546 | $0.007335 | +2.89% |
| 50 RCN | $0.03773 | $0.03667 | +2.89% |
| 100 RCN | $0.07546 | $0.07335 | +2.89% |
| 500 RCN | $0.3773 | $0.3667 | +2.89% |
| 1000 RCN | $0.7546 | $0.7335 | +2.89% |
RCN to MAD Today vs. 1 year ago
| Amount | 22:56 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 RCN | $0.0003773 | $0.001340 | -71.89% |
| 1 RCN | $0.0007546 | $0.002681 | -71.89% |
| 5 RCN | $0.003773 | $0.01340 | -71.89% |
| 10 RCN | $0.007546 | $0.02681 | -71.89% |
| 50 RCN | $0.03773 | $0.1340 | -71.89% |
| 100 RCN | $0.07546 | $0.2681 | -71.89% |
| 500 RCN | $0.3773 | $1.34 | -71.89% |
| 1000 RCN | $0.7546 | $2.68 | -71.89% |
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