


MKD 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.
JOE to MKD conversion rate trend
JOE to MKD market statistics
More info about JOE on Bitget
Current JOE to MKD exchange rate
JOE to Moroccan Dirham is rising this week.JOE to MKD Conversion tables
The exchange rate of JOE is decreasing.JOE to MKD
MKD to JOE
JOE to MKD Today vs. 24 hours ago
Amount | 13:48 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 JOE | ден4.48 | ден4.28 | +4.57% |
1 JOE | ден8.96 | ден8.57 | +4.57% |
5 JOE | ден44.8 | ден42.84 | +4.57% |
10 JOE | ден89.61 | ден85.69 | +4.57% |
50 JOE | ден448.03 | ден428.44 | +4.57% |
100 JOE | ден896.06 | ден856.88 | +4.57% |
500 JOE | ден4,480.3 | ден4,284.39 | +4.57% |
1000 JOE | ден8,960.61 | ден8,568.78 | +4.57% |
JOE to MKD Today vs. 1 month ago
Amount | 13:48 today | 1 month ago | 1M change |
---|---|---|---|
0.5 JOE | ден4.48 | ден5.08 | -11.81% |
1 JOE | ден8.96 | ден10.16 | -11.81% |
5 JOE | ден44.8 | ден50.81 | -11.81% |
10 JOE | ден89.61 | ден101.62 | -11.81% |
50 JOE | ден448.03 | ден508.1 | -11.81% |
100 JOE | ден896.06 | ден1,016.2 | -11.81% |
500 JOE | ден4,480.3 | ден5,081.02 | -11.81% |
1000 JOE | ден8,960.61 | ден10,162.03 | -11.81% |
JOE to MKD Today vs. 1 year ago
Amount | 13:48 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 JOE | ден4.48 | ден14.31 | -68.66% |
1 JOE | ден8.96 | ден28.61 | -68.66% |
5 JOE | ден44.8 | ден143.07 | -68.66% |
10 JOE | ден89.61 | ден286.14 | -68.66% |
50 JOE | ден448.03 | ден1,430.7 | -68.66% |
100 JOE | ден896.06 | ден2,861.39 | -68.66% |
500 JOE | ден4,480.3 | ден14,306.95 | -68.66% |
1000 JOE | ден8,960.61 | ден28,613.91 | -68.66% |
How to convert JOE to MKD



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