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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.
Arms of the Kingdom and inscription "Kingdom of Morocco" Design representing fish in the ocean 1 dirham 24 mm 6 g Reeded Mohammed VI: Arms of the Kingdom and inscription "Kingdom of Morocco" 5 dirhams 25 mm 7.5 g Ring: Cupronickel (as 1 dirham) Center: 70% Cu 24.5% Zn 5.5% Ni: Segmented reeding Mohammed VI Hassan II mosque, with security feature
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)
The first European banknotes were issued in 1661 by Stockholms Banco.Founded by Johan Palmstruch, it was a predecessor of Sweden's central bank Sveriges Riksbank. [1] As commercial activity and trade shifted northward in 17th century Europe, deposits at and notes issued by the Bank of Amsterdam denominated in Dutch guilders became the means of payment for much trade in the western world.
The city of Sijilmasa, ruled by the Islamic dynasties of Morocco, and the oasis city of Auodaghost to the south, ruled by nomadic Berber confederacies, served as staging points for the long desert crossings of the Trans-Saharan trade. Copper, cowries, and salt were sent south by camel, while ivory, gold, and slaves were sent north.
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).
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Morocco and Spain maintain extensive diplomatic, commercial, and military ties. [1] The Morocco–Spain border separates the plazas de soberanía (including Melilla and Ceuta) on the Mediterranean coast from the Moroccan mainland. Morocco's foreign policy has focused on Western partners, including neighboring Spain. [2]