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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.
This is a list of countries by their exchange rate regime. [ 1 ] De facto exchange-rate arrangements in 2022 as classified by the International Monetary Fund .
So, for example, a ‘five-year’ contract traded any time between 20 September 2005 and 19 December 2005 would have a termination date of 20 December 2010. In December 2015, the roll has been reduced to Semi Annual, i.e., only on September and March.
For a trade with a time to expiry of v days, the expiry date is the day v days ahead of the horizon date (unless it is a weekend or 1 January, in which case the date is rolled forward to a weekday) and for a trade with time to expiry of x weeks, the expiry date is the day 7x days ahead of the horizon date (with the same conditions as above).
Several European microstates outside the EU have adopted the euro as their currency. For EU sanctioning of this adoption, a monetary agreement must be concluded. Prior to the launch of the euro, agreements were reached with Monaco, San Marino, and Vatican City by EU member states (Italy in the case of San Marino and Vatican City, and France in the case of Monaco) allowing them to use the euro ...
The twenty euro note (€20) is the third-lowest value euro banknote and has been used since the introduction of the euro (in its cash form) in 2002. [8] The note is used in the 25 countries (and Kosovo ) that have it as their sole currency (with 24 legally adopting it), which countries have a total population of about 350 million currently. [ 9 ]
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The euro was implemented on 1 January 1999, when it became the currency of over 300 million people in Europe. [12] For the first three years of its existence it was an invisible currency, only used in accountancy. euro cash was not introduced until 1 January 2002, when it replaced the national banknotes and coins of the countries in eurozone 12, such as the French franc and the Spanish peseta.