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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).
UAE dirham [8] AED United Arab Emirates: AED [9] Moroccan dirham: MAD Morocco: DH Djiboutian franc: DJF Djibouti: Fdj Egyptian pound: EGP Egypt £E or ج.م or L.E. Lebanese pound [10] LBP Lebanon £L and ل.ل [10] [11] Sudanese pound: SDG Sudan: SDG or ج.س Syrian pound [12] SYP Syria £S [13] Omani rial [14] OMR Oman: ر.ع [15] Qatari ...
Moroccan dirham – Morocco; United Arab Emirates dirham – United Arab Emirates; Dobra – São Tomé and Príncipe; Dollar. Antigua dollar – Antigua; Australian dollar – Australia, Kiribati, Nauru and Tuvalu; Bahamian dollar – Bahamas; Barbadian dollar – Barbados; Belize dollar – Belize; Bermudian dollar – Bermuda; British ...
The museum, located in the bank's headquarters, has an important numismatic collection, spanning from different civilizations of Antiquity to the present day. With more than 30,000 coins, banknotes, monetary instruments and other objects, the museum and its adjacent art gallery of several hundred artworks document the 2000-year-old cultural history of money and its artistic representation in ...
Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. [1]Currency substitution can be full or partial. Full currency substitution can occur after a major economic crisis, such as in Ecuador, El Salvador, and Zimbabwe.
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.
[2]: 32 Foreign coins began to flood the Moroccan market, the Makhzen allowed them to be used as legal tender, and locally minted coins began to lose value against them. [2]: 32 Attempting to stabilize the currency, Sultan Muhammad minted a silver muhammadi dirham (درهم محمدي) with a fixed exchange rate with bronze coins.