Is there anywhere in Toronto where I can sell Moroccan dirhams (MAD)?
Do places like Thomas Cook even have Moroccan money? This is Toronto, Canada I'm wondering about. I'm looking to get rid of MAD money. But it would be interesting to know who sells it too.
Best Answer
You theoretically are not allowed to export Moroccan Dirhams abroad. Therefore, unless you find someone who will travel to Morocco where he/she can use these dirhams, I don't think you can exchange them.
Anyway, I don't think you can expect an organisation to officially accept dirhams as a means of payment nor for exchange out of Morocco.
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Where can I exchange Moroccan dirhams?
You can exchange your money at the airport when you arrive, but you're more likely to get a better rate in town, either at hotels or the Bureau de Change. Remember to keep your receipt, in case you have some dirhams left at the end of your Morocco trip.Where to get cash Morocco?
You can exchange currency at any airport in Morocco when you arrive. There are ATMs at every airport in Morocco, but they might be out of service at any time. The exchange rate differs from one point to an other, it's not set by the government anymore.Is Moroccan dirham a closed currency?
The dirham is a closed currency, which means it can only be bought once you arrive in Morocco. You're allowed to bring in or take out 1000Dh (around \xa365) but you'll need to exchange the rest on arrival.Is the Moroccan dirham a stable currency?
Understanding currency exchange in Morocco Due to the economy, its trade balances, and other factors, the Moroccan dirham is valued to be less than the USD, EUR, or GBP. Currently, the currency exchange is fairly stable, as it has hovered around 8 MAD per 1 USD for the past few years.All About Money in Morocco | MOROCCAN TRAVEL TIPS
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Answer 2
Toronto is one of the most multicultural cities in the world.
This means there is very probably a Moroccan expat community in Toronto. Canada bing partly francophone is probably in your favour too.
I have successfully changed Australian dollars to South Korean won in a Korean supermarket in the next suburb from where I live so given that MAD are officially not convertible this is possibly your best bet.
The other possibility of course is to find somebody who's travelling to Morocco soon. If none of your friends or their friends is planning to, you could see if there are CouchSurfing meetups. Toronto is bound to have some. There you will not only have fun and meet interesting people, but some may be Moroccan or travellers intending to go to Morocco as one of their destinations.
Either way you can offer to exchange at official rates so neither of you makes a profit, unlike with a bank or exchange bureau - so it would be a win-win.
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