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When most of Morocco became a French protectorate in 1912 it switched to the Moroccan franc. The dirham was reintroduced on 16 October 1960. [5] It replaced the franc as the major unit of currency but, until 1974, the franc continued to circulate, with 1 dirham = 100 francs. In 1974, the centime replaced the franc.
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2]; Exchange rate arrangement (Number of countries) Exchange rate anchor
States generally have a monopoly on the issuing of currency, although some states share currencies with other states. For the purposes of this list, only currencies that are legal tender , including those used in actual commerce or issued for commemorative purposes, are considered "circulating currencies".
Tourism is increasingly focused on Morocco's culture, such as its ancient cities. The modern tourist industry capitalises on Morocco's ancient and Islamic sites, and on its landscape and cultural history. 60% of Morocco's tourists visit for its culture and heritage. Agadir is a major coastal resort and has a third of all Moroccan bed nights. [166]
Currently the US State Department has no travel advisory for Morocco. The UK Foreign Office doesn’t advise against travel, instead advising travelers to check with their tour operator whether ...
banning the use of foreign currency within the country; banning locals from possessing foreign currency; restricting currency exchange to government-approved exchangers; fixed exchange rates; restricting the amount of currency that may be imported or exported; Often, foreign exchange controls can result in the creation of black markets in ...
The Morocco earthquake ripped through the Atlas Mountains on Friday 8 September, leaving death and destruction in its wake in one of the most beautiful and remote regions of the country. As the ...
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