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The dirham, [a] dirhem [b] or drahm [c] is a unit of currency and of mass. It is the name of the currencies of Morocco, the United Arab Emirates and Armenia, and is the name of a currency subdivision in Jordan, Libya, Qatar and Tajikistan. It was historically a silver coin.
Morocco ; Other managed arrangement (12) Kuwait Syria Liberia Myanmar Sierra Leone Zimbabwe Kenya Haiti Kyrgyzstan Tonga Vanuatu Venezuela ; Floating (32) Angola Belarus Madagascar Yemen Albania Armenia Brazil Colombia
Euro, the currency used by the most countries and territories, the second-largest reserve currency and the second-most traded currency. Some currencies, such as the Abkhazian apsar , are not used in day-to-day commerce, but are legal tender in their issuing jurisdiction.
Brazilian cruzado – Brazil; Brazilian cruzado novo – Brazil; Cruzeiro Brazilian cruzeiro (old) – Brazil; Brazilian cruzeiro novo – Brazil; Brazilian cruzeiro (3rd iteration) – Brazil; Brazilian cruzeiro real – Brazil; Cupon – Moldova; Cryptocurrency – Internet-based currency; Customs gold unit – Republic of China (1912–1949)
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [ 1 ] when they meet the five convergence criteria. [ 2 ]
Spain, in line with the majority of nations in the rest of the world, has never recognized Morocco's claim over Melilla. The official position of the Spanish government is that Melilla is an integral part of Spain, and has been since the 16th century, centuries prior to Morocco's independence from Spain and France in 1956. [146]
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.
Accounting for the Fall of Silver: Hedging Currency Risk in Long-Distance Trade with Asia, 1870-1913 (Oxford University Press, 2020) ISBN 0198865023; Stein, Stanley J., and Barbara H. Stein. Silver, trade, and war: Spain and America in the making of early modern Europe (JHU Press, 2000). excerpt; TePaske, John J. A new world of gold and silver ...