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Moroccan dirham

The Moroccan dirham (Arabic: درهم, romanizeddirham, 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)

$_$_$DEEZ_NUTS#1__answer--6DEEZ_NUTS$_$_$

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]

Economy of Morocco

United Arab Emirates dirham

Heiko Otto (ed.). (in English and German). Retrieved 2017-01-03.

"Historical banknotes of Morocco"