The Moroccan dirham (MAD) is the official currency of Morocco. It is subdivided into 100 centimes and is symbolized by the abbreviation "DH." The dirham is issued by the Bank Al-Maghrib, which is the central bank of Morocco, and is used for all transactions within the country. The value of the Moroccan dirham can fluctuate against other currencies, influenced by factors such as trade balance and economic conditions. It is commonly used in everyday transactions, from shopping at local markets to paying for services, making it an essential part of daily life in Morocco.