The official currency of Morocco is the Moroccan Dirham, MAD or Dh and is composed of 100 centimes. Notes are available in denominations of (Dh) 200, 100, 50, 20
and coins are available in denominations of (Dh) 10, 5, 2 and 1, or 50, 20, 10 and 5 centimes.
Before the introduction of a modern coinage in 1882, Morocco issued copper coins denominated in falus, silver coins- dirham and gold coins - benduqi. From 1882, the dirham became a subdivision of the Moroccan rial.
When Morocco became a French protectorate in 1921 it switched to the Moroccan franc. The dirham was reintroduced in 1960. The franc continued to circulate until 1974 (1 dirham = 100 francs)
No comments:
Post a Comment