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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 ...
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. In 1974, the centime replaced the franc.
The local name of the currency is used in this list, with the adjectival form of the country or region. ... Moroccan dirham – Morocco; United Arab Emirates dirham ...
Morocco has had strong ties with the West in order to gain economic and political benefits. [1] France and Spain remain the primary trade partners, as well as the primary creditors and foreign investors in Morocco. From the total foreign investments in Morocco, the European Union invests approximately 73.5%, whereas the Arab world invests only ...
Flash back to the classic 1980s Richard Pryor film, and pretend your wealth depends on spending as much money as possible in a short amount of time. Of course, in the film, the budget was $30 million.
In 2006, its annual inflation was only 2.7%. The central bank plays a preeminent role in the country's banking system. It issues the Moroccan dirham, maintains Morocco's foreign currency reserves, controls the credit supply, oversees the government's specialized lending organizations, and regulates the commercial banking industry.
It was founded in 1959 as the successor to the State Bank of Morocco (est. 1907). In 2008 Bank Al-Maghrib held reserves of foreign currency with an estimated worth of US$36 billion. In addition to currency management, the Bank Al-Maghrib also supervises a number of private banks supplying commercial banking services.
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