Moroccan dirham Currency | Morocco Dirham Notes

Moroccan Dirham

Moroccan Dirham Currency:

The dirham is the official currency of Morocco. It is subdivided into 100 santimat. The official code is MAD.  The Central Bank of Morocco is Bank Al-Maghrib.  Morocco issued copper coins denominated in falus, silver coins denominated in dirham & gold coins denominated in benduqi in 1882. The dirham became a subdivision of the Moroccan rial, with 50 Mazunas = 10 dirham = 1 rial from 1882. Moroccan franc began to be under circulation with most part of Morocco becoming the French Protectorate in 1912. On 16 October 1960, the dirham was reintroduced but franc continued to circulate until 1974, with 1 dirham =100 francs. The Santim replaced the franc in 1974.

1 dirham coins of silver were introduced. in 1960. Nickel 1 dirham and silver 5 dirham coins were introduced in 1965. A new coinage was introduced of the santim in 1974 in denominations of 1, 5, 10, 20 and 50 santimat and 1 dirham.  In 1980, cupro-nickel 5 dirham coins were added.  New designs were introduced in 1987, with a ½ dirham replacing the 50 santimat.  In 1995, a 10 dirham coin was introduced. In 2002, a cupro-nickel 2 dirham coins were introduced. A new series of coins issued in 2011. New notes were issued for 5, 10 and 50 dirhams in 1965. In 1970, 100 dirham notes were introduced, followed by 200 dirham notes in 1991 and 20 dirham notes in 1996.  In 1980, 5 dirham notes were replaced by coins and 10 dirham notes were also replaced by coins in 1995.  25-dirham banknote was introduced in December 2012.

Moroccan Dirham

Moroccan Dirham (Morocco):

Code: MAD

Symbol: DH

Subunit:       

1/100 = santim

Banknotes:  

20, 50, 100 & 200 dirhams

Coins:

½, 1, 2, 5 & 10 dirhams, 10 & 20 santimat

Central bank:         

Bank Al-Maghrib

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