Convert Moroccan Dirham to Salvadoran Colón
Please provide values below to convert Moroccan Dirham [MAD] to Salvadoran Colón [SVC], or Convert Salvadoran Colón to Moroccan Dirham.
How to Convert Moroccan Dirham to Salvadoran Colón
1 MAD = 1.03077401021014 SVC
Example: convert 15 MAD to SVC:
15 MAD = 15 × 1.03077401021014 SVC = 15.461610153152 SVC
Moroccan Dirham to Salvadoran Colón Conversion Table
| Moroccan Dirham | Salvadoran Colón |
|---|
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.
Salvadoran Colón
The Salvadoran Colón (SVC) was the official currency of El Salvador until 2001, used as the country's monetary unit for everyday transactions.
History/Origin
Introduced in 1892, the Salvadoran Colón replaced the peso and was used until 2001, when El Salvador adopted the United States dollar as its official currency. It was named after Christopher Columbus (Cristóbal Colón).
Current Use
The Salvadoran Colón is no longer in circulation; it was replaced by the US dollar in 2001 and is now obsolete, with no current use in transactions.