Table of Contents
What does Morocco trade with other countries?
Economy of Morocco
|Import goods||Crude petroleum, textile fabric, telecommunications equipment, wheat, gas and electricity, transistors, plastics.|
|Main import partners||Spain 18.9% France 11% China 9.9% United States 7.06% Germany 5.22% Turkey 5% Italy 4.89% Russia 2.57% Saudi Arabia 2.31% Netherlands 2.15% (2019)|
Is Moroccan dirham same as UAE?
Moroccan Dirham is the currency of Morocco (MAD), wth the Emirati Dirham (AED) the currency of United Arab Emirates – they are different. The term ‘dollar’ is used by the US, Australia, Canada, Fiji and Singaporean countries amongst many others, but they are not the same currency…
Why is Morocco a closed currency?
The dirham is considered to be a closed currency, which means it can only be bought once you arrive in Morocco. Moroccan legislation rules that it is technically illegal to bring Moroccan currency into the country from another country. Although this law is mainly aimed at business travelers, it applies to tourists too.
What countries control Morocco?
Morocco was made a French protectorate in 1912 but regained independence in 1956. Today it is the only monarchy in North Africa.
Who are Morocco trading partners?
In 2019, Morocco major trading partner countries for exports were Spain, France, Italy, United States and Germany and for imports they were Spain, France, China, United States and Italy.
Who is Morocco’s biggest trading partner?
France is Morocco’s largest trading partner, followed by Spain.
What is the currency of Morocco?
The Moroccan dirham (MAD) is the official monetary currency of Morocco. One Moroccan dirham is subdivided into 100 centimes (or cents). The Moroccan dirham comes in both coin and banknote forms. The banknotes have denominations of 20, 50, 100, and 200 dirhams.
Can I take Moroccan currency into the country?