Convert Moroccan Dirham to Macedonian Denar
Please provide values below to convert Moroccan Dirham [MAD] to Macedonian Denar [MKD], or Convert Macedonian Denar to Moroccan Dirham.
How to Convert Moroccan Dirham to Macedonian Denar
1 MAD = 0.170463877924073 MKD
Example: convert 15 MAD to MKD:
15 MAD = 15 × 0.170463877924073 MKD = 2.5569581688611 MKD
Moroccan Dirham to Macedonian Denar Conversion Table
| Moroccan Dirham | Macedonian Denar |
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Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.