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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).
UAE dirham [8] AED United Arab Emirates: AED [9] Moroccan dirham: MAD Morocco: DH Djiboutian franc: DJF Djibouti: Fdj Egyptian pound: EGP Egypt £E or ج.م or L.E. Lebanese pound [10] LBP Lebanon £L and ل.ل [10] [11] Sudanese pound: SDG Sudan: SDG or ج.س Syrian pound [12] SYP Syria £S [13] Omani rial [14] OMR Oman: ر.ع [15] Qatari ...
Moroccan dirham: MAD DH Morocco: Mozambican metical: MZN Mt Mozambique: Namibian dollar: NAD N$ Namibia: Nigerian naira: NGN ₦ Nigeria: RTGS Dollar: n/a $ Zimbabwe: Rwandan franc: RWF FRw Rwanda: São Tomé and Príncipe dobra: STN Db Sao Tome and Principe: Seychellois rupee: SCR Re (singular) Rs (plural) Seychelles: Sierra Leonean leone: SLL ...
The dirham was a unit of mass used across North Africa, the Middle East, Persia and Ifat; later known as Adal, with varying values. The value of Islamic dirham was 14 qirat. 10 dirham equals 7 mithqal (2.975 gm of silver). In the late Ottoman Empire (Ottoman Turkish: درهم), the standard dirham was 3.207 g; [1] 400 dirhem equal one oka.
Moroccan dirham: DH MAD Centime: 100 2 Morocco, Sahrawi Republic: Israeli new shekel ₪ ILS Agora: 100 2 Israel, Palestine: Jordanian dinar: د.أ JOD Piastre: 100 2 Jordan, Palestine: Brunei dollar: B$ BND Sen: 100 2 Brunei, Singapore: Singapore dollar $, S$ SGD Cent: 100 2 Singapore, Brunei: Hong Kong dollar $, HK$ or 元 HKD Cent: 100 2 ...
In October, the Banque du Maroc issued a new currency, the Moroccan dirham. The Banking Act of 21 April 1967 enhanced the role of "Banque du Maroc", particularly in the field of banking supervision. In 1974, the Banque du Maroc commenced issuing the centime as a fraction of the dirham, replacing the franc.
Morocco is an African country currently a member of the African Union. it is also a member of the Arab League at present, Arab Maghreb Union, the Francophonie, Organisation of Islamic Cooperation, Mediterranean Dialogue group, and Group of 77, and is a major non-NATO ally of the United States.
Morocco's banks have been largely unaffected by the credit crisis due to their limited connection to global financial markets. The number of people with a bank account increased from 25% in 2007 to 29% in 2008, while deposits rose by 11.1% to a record Dh572.3bn (€51.5bn), 20% of which belong to Moroccan nationals living abroad. [ 1 ]