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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).
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2]; Exchange rate arrangement (Number of countries) Exchange rate anchor
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.
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.
Aujourd'hui Le Maroc was first published in 2001 by ALM Publishing. [1] [2] The paper was founded by Khalil Hachimi Idrissi, who later served as director of the state official press agency Maghreb Arabe Presse, and who owned a stake in the publishing company of ALM. [3]
Assabah (Arabic: الصباح) is a daily Arabophone Moroccan newspaper. It is headquartered in Casablanca. Assabah is part of Groupe Éco-Médias, which also controls Atlantic Radio and L'Economiste. The owner of Groupe Eco-Medias is businessman Zouheir Bennani.
A train that travels from rural northern Morocco to a port on the Mediterranean Sea carries no passengers. Three times a day, it brings hundreds of cars stacked bumper to bumper from a Renault ...
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 ...