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money in the souks

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tenerife spain
posts: 76
reviews: 6
money in the souks

is it ok to pay with us dollars or euros when you buy in the souks or do they only exept local dirhams

Marrakech,Morocco
posts: 10
1. Re: money in the souks

Yes, it is. You can use all convertible currencies -as well as international credit cards-in the Souks. It is good to know that the exchange rates in Morocco are regulated by the state central bank. Therefore, there is no black market and the rate for cash exchange is the same wherever you do it: airports, banks, hotels, shops, etc... There's a 10 Dh fee for every traveler's check to be exchanged,however. Needles to say that it recommended to have the local money(Dirham) to cover small expenses.