Convert British Pound Sterling to Moroccan Dirham
Please provide values below to convert British Pound Sterling [GBP] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to British Pound Sterling.
How to Convert British Pound Sterling to Moroccan Dirham
1 GBP = 0.0821686666740672 MAD
Example: convert 15 GBP to MAD:
15 GBP = 15 × 0.0821686666740672 MAD = 1.23253000011101 MAD
British Pound Sterling to Moroccan Dirham Conversion Table
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British Pound Sterling
The British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories, used as a standard unit of monetary value.
History/Origin
The Pound Sterling is one of the oldest currencies still in use, dating back to the 8th century. It was originally a silver coin and has evolved through various forms, including the gold standard and fiat currency, becoming the UK's primary currency in the 19th century.
Current Use
Today, the GBP is widely used in the UK and its territories, serving as the main currency for everyday transactions, banking, and international trade. It is also a major reserve currency globally.
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.