


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.
RCM to MKD conversion rate trend
RCM to MKD market statistics
More info about READ2N on Bitget
Current RCM to MKD exchange rate
READ2N to Moroccan Dirham is rising this week.RCM to MKD Conversion tables
The exchange rate of READ2N is decreasing.RCM to MKD
MKD to RCM
RCM to MKD Today vs. 24 hours ago
Amount | 15:47 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 RCM | ден7.34 | ден7.27 | +0.99% |
1 RCM | ден14.69 | ден14.54 | +0.99% |
5 RCM | ден73.44 | ден72.72 | +0.99% |
10 RCM | ден146.88 | ден145.43 | +0.99% |
50 RCM | ден734.39 | ден727.17 | +0.99% |
100 RCM | ден1,468.78 | ден1,454.34 | +0.99% |
500 RCM | ден7,343.91 | ден7,271.69 | +0.99% |
1000 RCM | ден14,687.82 | ден14,543.39 | +0.99% |
RCM to MKD Today vs. 1 month ago
Amount | 15:47 today | 1 month ago | 1M change |
---|---|---|---|
0.5 RCM | ден7.34 | ден7.97 | -7.90% |
1 RCM | ден14.69 | ден15.95 | -7.90% |
5 RCM | ден73.44 | ден79.74 | -7.90% |
10 RCM | ден146.88 | ден159.48 | -7.90% |
50 RCM | ден734.39 | ден797.39 | -7.90% |
100 RCM | ден1,468.78 | ден1,594.78 | -7.90% |
500 RCM | ден7,343.91 | ден7,973.89 | -7.90% |
1000 RCM | ден14,687.82 | ден15,947.77 | -7.90% |
RCM to MKD Today vs. 1 year ago
Amount | 15:47 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 RCM | ден7.34 | ден11.65 | -36.97% |
1 RCM | ден14.69 | ден23.3 | -36.97% |
5 RCM | ден73.44 | ден116.51 | -36.97% |
10 RCM | ден146.88 | ден233.03 | -36.97% |
50 RCM | ден734.39 | ден1,165.14 | -36.97% |
100 RCM | ден1,468.78 | ден2,330.28 | -36.97% |
500 RCM | ден7,343.91 | ден11,651.42 | -36.97% |
1000 RCM | ден14,687.82 | ден23,302.83 | -36.97% |
How to convert RCM to MKD



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