Currency · Live data
Moroccan Dirham
MADMorocco · Issued by Bank Al-Maghrib
Price (USD)
—
Inflation (2024)
+0.99%
10y M2 change
+74%
M69 Score
93.3
Managed against EUR/USD basket
Market Cap (USD)
—
via M2 · 2024
M2 (local currency)
1.89T MAD
current LCU
CPI YoY (2024)
+0.99%
World Bank · annual
Country
Morocco
ISO 4217 · MAD
Last Update
2026-04-25
Daily ingest · 02:00 UTC
Moroccan Dirham M2 money supply
Broad money in MAD (cash + deposits + close substitutes), annual back to ~1960 via World Bank FM.LBL.BMNY.CN. Log scale auto-engages for hyperinflation outliers.
Moroccan Dirham inflation history
Annual CPI YoY since 2001 — World Bank consumer price index for Morocco. Inflation volatility is one of three inputs into the Money2069 sound-money score.
Purchasing power calculator
How much would your Moroccan Dirham be worth today if you'd held it since…?
100 MAD in 2001 buys today
42.18 MADworth of goods
Lost 58% of purchasing power since 2001.
To match 2001 purchasing power, you need today
237.1 MAD
46 years of cumulative inflation.
Calculation: cumulative product of (1 + CPI YoY) from the chosen year through 2024. Source: World Bank consumer price index (annual). Daily-refreshed.
Data sources & methodology
- FX (USD):
- Frankfurter / ECB · daily
- CPI YoY:
- World Bank FP.CPI.TOTL.ZG · annual
- M2 broad money:
- World Bank FM.LBL.BMNY.CN · annual (LCU)
- Market cap (USD):
- M2 / FX rate · daily
- 10-year M2 change:
- (M2 today / M2 10y ago) − 1
- M69 score:
- Weighted: CPI (50%), 10y M2 growth (40%), 1y FX stability (10%)
- Last fetched:
- 2026-04-25 16:06:42
- Country code (ISO 3166-1):
- MAR
Note: Managed against EUR/USD basket
Raw data: /api/v1/currencies/current/MAD
Frequently asked questions
Who issues the Moroccan Dirham?+
The Moroccan Dirham (MAD) is issued by Bank Al-Maghrib. As the monetary authority for Morocco, it sets policy interest rates, manages foreign reserves, and controls the money supply.
What is the inflation rate of the Moroccan Dirham?+
Latest available consumer price inflation for the Moroccan Dirham: 0.99% YoY (2024). Source: World Bank annual series (FP.CPI.TOTL.ZG). Daily-refreshed historical chart on this page.
Has the Moroccan Dirham been debased?+
Every fiat currency loses purchasing power over time as central banks expand the money supply. M2 has grown by approximately 74% over the past decade. Combined with cumulative inflation, this is the gap between MAD as accounting unit and MAD as a store of value.
Is the Moroccan Dirham sound money?+
On the Money2069 0–100 sound-money scale, the Moroccan Dirham currently scores 93.3. The score weights inflation volatility, 10-year money-supply growth, and 1-year FX stability. Higher = closer to sound. No fiat scores 100 because no fiat has zero issuance.
How does the Moroccan Dirham compare to gold or the US dollar?+
Use the table on the listing page to sort all 138 tracked currencies by inflation, 10-year M2 change, or M69 score. Pegged currencies (USD-pegged dirham, riyal, etc.) inherit the dollar's debasement profile; floating currencies tell their own story.
How often is this data updated?+
We pull fresh exchange rates daily from Frankfurter (ECB-sourced) and refresh the inflation series from the World Bank. The page is statically rendered with 24-hour ISR. Source data is publicly accessible via our /api/v1/currencies endpoints.