Convert Moroccan Dirham to Nigerian Naira
Please provide values below to convert Moroccan Dirham [MAD] to Nigerian Naira [NGN], or Convert Nigerian Naira to Moroccan Dirham.
How to Convert Moroccan Dirham to Nigerian Naira
1 MAD = 0.00588507410549755 NGN
Example: convert 15 MAD to NGN:
15 MAD = 15 × 0.00588507410549755 NGN = 0.0882761115824632 NGN
Moroccan Dirham to Nigerian Naira Conversion Table
| Moroccan Dirham | Nigerian Naira |
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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.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.