The Moroccan currency is called the DIRHAM. Rates vary little between banks, but some banks charge a fee for currency exchanges which can add up to a considerable sum with the smaller denominations Major credit cards are accepted in the larger hotels and all big shops. ATM cards can be used in many cities even in the south. Travelers’ cheques are not widely accepted in Morocco and they can be difficult to cash or exchange. But only for a very limited amount. Use a money belt for all your valuable papers, checks, passports, and credit cards.