Moroccan dirham
The Moroccan dirham (Arabic: درهم, romanized: dirham, Moroccan Arabic: درهم, romanized: derhem; sign: DH; code: MAD) is the official monetary currency of Morocco. It is issued by the Bank Al-Maghrib, the central bank of Morocco. One Moroccan dirham is subdivided into 100 santimat (singular: santim; Arabic: سنتيم).
الدرهم المغربي (Arabic)
MAD (numeric: 504)
0.01
DH
$_$_$DEEZ_NUTS#1__answer--3DEEZ_NUTS$_$_$
rial (informal)
santim (official)
franc (informal)
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santimat
20, 50, 100, 200 dirhams
10, 20 santimat, ½, 1, 2, 5 & 10 dirhams
1 santim , 5 santimat
Bank Al-Maghrib (Bank of Morocco)
0.2%
The World Factbook, 2019 est.
60% EUR and 40% USD[1]
History[edit]
The word dirham derives from the Greek currency, the drachma. The Idrissid dirham, a silver coin, was minted in Morocco under the Idrisid dynasty from the 8th to 10th centuries.[2]
Before the introduction of a modern coinage in 1882, Morocco issued copper coins denominated in falus, silver coins denominated in dirham, and gold coins denominated in benduqi. From 1882, the dirham became a subdivision of the Moroccan rial, with 500 Mazunas = 10 dirham = 1 rial.
When most of Morocco became a French protectorate in 1912 it switched to the Moroccan franc. The dirham was reintroduced on 16 October 1960.[3] It replaced the franc as the major unit of currency but, until 1974, the franc continued to circulate, with 1 dirham = 100 francs. In 1974, the centime replaced the franc.[4]
On 24 November 2023, along with a wide variety of coinage, Bank Al-Maghrib unveiled a new series of banknotes and coins, which included a 100 dirham banknote.[5]