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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.
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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).
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By mid-century, Morocco was in a monetary crisis caused by the decline in value of its currency. [2]: 32 Traditionally, the monetary system in Morocco consisted of a golden mithqal (مثقال), divided into ten uqiyyahs (أوقية), each of which was divided into four muzunas (موزونة), each of which was divided into 48 copper or bronze fils (فِلس).
Kingdom of Maghreb (Morocco) , Kingdom of Morocco or Kingdom of Marrakech; Kingdom of Fez (Fez) Imamate of the Souss (Souss) Oasis of Figuig (Figuig) 1600 AD. Kingdom of Morocco (Morocco) , Al-Maghrib al Aqşá, Al-Mamlaka al-Maghribiyya, The Farthest West 'Morocco' or Kingdom of Marrakech (in blue) Kingdom of Fez (Fez) . Depends on Morocco
The recorded history of Morocco begins with the Phoenician colonization of the Moroccan coast between the 8th and 6th centuries BCE, [3] although the area was inhabited by indigenous Berbers for some two thousand years before that.