It took place during the French occupation of the country, when the franc, not the dirham, would have been in use.
Finally, after independence in , the dirham was reintroduced. But this time, it was the primary currency. Currency rates are determined by a number of factors, from government stability to the national economy. Morocco depends heavily on trade and tourism , and its overall growth fluctuates depending on its agriculture sector. So what makes the dirham so special?
As you can imagine, coming from a country as rich in history and culture as Morocco, a lot can be said about its national currency. But here are our top five interesting facts! A new country has a lot on its plate. The dirham note was printed over the 10, franc notes and the new 50 note over the 5, franc banknotes. Plurals in Arabic work a bit differently than in English. In the 18th century, the Moroccan currency system used the Spanish coin system as a reference.
This resulted in common alternative names to the dirham, including the duro and real for the silver coins. You may still hear these terms used in the countryside markets of Morocco. Starting from , the notes featured King Hassan II. After he passed away in , a new note was designed with his successor, Mohammed VI, which was released in Nowadays, the dirham is subdivided into santimat, or centimes if you are speaking French.
Order Moroccan Dirham. The Moroccan dirham is the currency of Morocco. The banknotes have both a paper banknote and polymer plastic banknote series in circulation. Bank Al-Maghrib is responsible for issuing the Moroccan banknotes. It is the de facto currency in Western Sahara, meaning it is not the legal tender, but still used by most of the population.
For larger denominations, the Moroccan dirham currency code MAD comes in , , 50, and If these cookies are not accepted, some of our services will not function properly. Dear customers, we are currently making improvements to the online currency exchange application and we cannot assist you. Thank you very much for your understanding. Origins and history Before , when the new monetary system was introduced, Morocco issued copper coins called falus, silver dirhams and golden benduqui.
Current Moroccan dirham banknotes The first dirham banknotes were overprints on earlier franc banknotes, in denominations of 50 dirhams on older 5, franc notes and dirhams on 10, franc notes. Current dirham coins in use In new 1 dirham coins were issued in silver, and for 1 and 5 dirham coins, in nickel in Interesting facts of the Moroccan dirham The plural for dirham is darahim, although in English and French the word dirhams is commonly used.
The centimes of dirhams are called francs or santimat. One dirham is divided into francs or santimat. In countryside markets the reales rial and duros doro are still used. Online money order: best price guarantee Make your order online, choose home delivery or collect it at the airport.
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