Convert Moroccan Dirham to Iranian Rial
Please provide values below to convert Moroccan Dirham [MAD] to Iranian Rial [IRR], or Convert Iranian Rial to Moroccan Dirham.
How to Convert Moroccan Dirham to Iranian Rial
1 MAD = 0.00021227124608594 IRR
Example: convert 15 MAD to IRR:
15 MAD = 15 × 0.00021227124608594 IRR = 0.00318406869128911 IRR
Moroccan Dirham to Iranian Rial Conversion Table
| Moroccan Dirham | Iranian Rial |
|---|
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.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.