Convert Bulgarian Lev to Moroccan Dirham
Please provide values below to convert Bulgarian Lev [BGN] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Bulgarian Lev.
How to Convert Bulgarian Lev to Moroccan Dirham
1 BGN = 0.185118168799885 MAD
Example: convert 15 BGN to MAD:
15 BGN = 15 × 0.185118168799885 MAD = 2.77677253199827 MAD
Bulgarian Lev to Moroccan Dirham Conversion Table
| Bulgarian Lev | Moroccan Dirham |
|---|
Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.
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.