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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.
Countries that have made legal agreements with the EU to use the euro: Andorra, Monaco, San Marino, Vatican City; Countries that unilaterally use the euro: Montenegro, Kosovo; Currencies pegged to the euro: Cape Verdean escudo, CFA franc, CFP franc, Comorian franc, Bulgarian lev, Bosnia and Herzegovina convertible mark, São Tomé and Príncipe ...
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.
Nations in red currently use the dirham. Nations in green use a currency with a subdivision named dirham. Silver dirham of Caliph Umar ibn Abd al-Aziz 718–719 CE Silver dirham of Yazid II minted in 721–722 CE Silver dirham of Marwan II ibn Muhammad 749–745 CE Silver dirham of As-Saffah 754–758 CE Silver dirham of Al-Hadi minted in 786–787 CE in al-Haruniya Silver dirham of Al-Mu ...
Mercosur (Southern Common Market), a trade bloc of Argentina, Bolivia, Brazil, Paraguay, Uruguay, to promote free trade and the fluid movement of goods, people, and currency. MIKTA, an informal partnership between Mexico, Indonesia, Republic of Korea (South Korea), Turkey, Australia, to support effective global governance.
The rial was introduced when Morocco adopted a modern style coinage in 1882. It replaced a system consisting of copper falus, silver dirham and gold benduqi.. In Spanish Morocco, the rial was replaced by the Spanish peseta in 1912 at a rate of 1 rial = 5 pesetas.
In 1865, France, Belgium, Switzerland and Italy created the Latin Monetary Union (to be joined by Spain and Greece in 1868): each would possess a national currency unit (franc, lira, peseta, drachma) worth 4.5 g of silver or 0.290 322 g of gold (fine), all freely exchangeable at a rate of 1:1. In the 1870s the gold value was made the fixed ...