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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).
Present currency ISO 4217 code Country or dependency (administrating country) Currency symbol Algerian dinar: DZD Algeria: دج (Arabic) or DA (Latin) Bahraini dinar [1] BHD Bahrain.د.ب [2] Iraqi dinar [3] IQD Iraq: ع.د [4] Jordanian dinar [5] JOD Jordan: ينار [6] Kuwaiti dinar [7] KWD Kuwait: ك [7] Tunisian dinar: TND Tunisia
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Nations in red currently use the dirham. Nations in green use a currency with a subdivision named dirham. Silver dirham of Caliph Umar ibn Abd al-Aziz 718–719 CE Silver dirham of Yazid II minted in 721–722 CE Silver dirham of Marwan II ibn Muhammad 749–745 CE Silver dirham of As-Saffah 754–758 CE Silver dirham of Al-Hadi minted in 786–787 CE in al-Haruniya Silver dirham of Al-Mu ...
A 1924 Moroccan 25 centimes, with Thunderbolt privy mark. In 1921, coins were introduced under the reign of Yusuf, in denominations of 25 and 50 centimes and 1 franc.The 25 centimes is a holed, cupro-nickel coin, and comes with three Privy mark varieties: no privy mark, minted in 1921 at Paris, thunderbolt privy mark minted in 1924 at Poissy, and thunderbolt and torch privy marks minted in ...
It was founded in 1959 as the successor to the State Bank of Morocco (est. 1907). In 2008 Bank Al-Maghrib held reserves of foreign currency with an estimated worth of US$36 billion. In addition to currency management, the Bank Al-Maghrib also supervises a number of private banks supplying commercial banking services.
The rial was introduced when Morocco adopted a modern style coinage in 1882. It replaced a system consisting of copper falus, silver dirham and gold benduqi.. In Spanish Morocco, the rial was replaced by the Spanish peseta in 1912 at a rate of 1 rial = 5 pesetas.
Centime (from Latin: centesimus) is French for "cent", and is used in English as the name of the fraction currency in several Francophone countries (including Switzerland, Algeria, Belgium, Morocco and France). In France, the usage of centime goes back to the introduction of the decimal monetary system under Napoleon. This system aimed at ...