Convert Moroccan Dirham to Jersey Pound
Please provide values below to convert Moroccan Dirham [MAD] to Jersey Pound [JEP], or Convert Jersey Pound to Moroccan Dirham.
How to Convert Moroccan Dirham to Jersey Pound
1 MAD = 12.1684452249088 JEP
Example: convert 15 MAD to JEP:
15 MAD = 15 × 12.1684452249088 JEP = 182.526678373632 JEP
Moroccan Dirham to Jersey Pound Conversion Table
| Moroccan Dirham | Jersey Pound |
|---|
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.
Jersey Pound
The Jersey Pound (JEP) is the official currency of Jersey, a British Crown Dependency, used for everyday transactions and financial purposes within the island.
History/Origin
The Jersey Pound was introduced in 1961, replacing the British Pound Sterling in Jersey, and has since been pegged to the British Pound at par, maintaining its value and stability as a local currency.
Current Use
Today, the Jersey Pound is widely used for all local transactions, with banknotes and coins issued specifically for Jersey, and it is accepted alongside the British Pound Sterling within the island.