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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).
List of countries by foreign-exchange reserves; Markets; Foreign exchange market; Futures exchange; Retail foreign exchange trading; Assets; Currency; Currency future; Currency forward; Non-deliverable forward; Foreign exchange swap; Currency swap; Foreign exchange option; Historical agreements; Bretton Woods Conference; Smithsonian Agreement ...
Due to a decrease of activity among Morocco's main commercial partners, foreign demand of goods destined towards Morocco would moderately slow down in 2009 compared to the 9% rise in 2008. This trend could continue in Q1 of 2009 with a growth rate not exceeding 2% due to a lackluster economic growth outlook and the slowdown of international trade.
The trade will involve selling the borrowed currency on the foreign exchange market in order to acquire foreign currency to invest abroad – and this tends to cause the price of the nation's currency to drop due to the sudden extra supply. Because the nation has a fixed exchange rate, it must defend its currency and will sell its reserves in ...
From the total foreign investments in Morocco, the European Union invests approximately 73.5%, whereas the Arab world invests only 19.3%. As of 2009, many countries from the Persian Gulf and Maghreb regions are also becoming more involved in large-scale development projects in Morocco. [2] Foreign relations have had a significant impact on ...
The unit from the Spanish Emergency Military Unit will work about 100 km (60 miles) south of Marrakech. A second team of 30 people and 4 dogs was heading to Morocco. Foreign offers of aid in ...
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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