Moroccan dirham
From Wikipedia, the free encyclopedia
| ISO 4217 Code | MAD |
| User(s) | Morocco and Western Sahara |
| Inflation | 1% |
| Source | The World Factbook, 2005 est. |
| Subunit | |
| 1/100 | centime |
| Symbol | د.م. |
| Coins | 1, 5, 10, 20 centimes, ½, 1, 5, and 10 dirhams |
| Banknotes | 10, 20, 50, 100, 200 dirhams |
| Central bank | Bank Al-Maghrib |
| Website | www.bkam.ma |
The dirham is the currency of Morocco. Its ISO 4217 code is "MAD". It is made up of 100 centimes. The dirham is issued by the Bank Al-Maghrib, the central bank of Morocco. Due to the ongoing conflict over Western Sahara, it is also the de facto currency in the region.
The dirham was introduced in 1960. 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.
[edit] Coins
| Dirham Coins [1] | |||||||
|---|---|---|---|---|---|---|---|
| Value | Technical parameters | Description | |||||
| Diameter | Mass | Composition | Edge | Obverse | Reverse | ||
| 1 centime | 17 mm | 0.7 g | Aluminium | Smooth | Design of fishing | Arms of the Kingdom and inscription "Kingdom of Morocco" | |
| 5 centimes | 17.5 mm | 2 g | Aluminium bronze 92% copper 6% aluminium 2% nickel |
Smooth | Fish in a fishing net under a boat tiller | Arms of the Kingdom and inscription "Kingdom of Morocco" | |
| 10 centimes | 20 mm | 3 g | Ridged | An ear of corn | Arms of the Kingdom and inscription "Kingdom of Morocco" | ||
| 20 centimes | 23 mm | 4 g | Ridged | Design representing a Fibule | Arms of the Kingdom and inscription "Kingdom of Morocco" | ||
| 1/2 dirham | 21 mm | 4 g | Cupronickel 75% copper 25% nickel |
Ridged | Design representing communications and new technology | Arms of the Kingdom and inscription "Kingdom of Morocco" | |
| 1 dirham | 24 mm | 6 g | Ridged | Mohammed VI | Arms of the Kingdom and inscription "Kingdom of Morocco" | ||
| 5 dirhams | 26.2 mm | 6.8 g | Ring: 82.5% iron 17.5% chromium Center: Aluminium bronze (as 20 centimes) |
Ridged | Hassan II | Arms of the Kingdom and inscription "Kingdom of Morocco" | |
| 10 dirhams | 28 mm | 12 g | Ring: Aluminium bronze (as 20 centimes) Center: Cupronickel (as 1 dirham) |
Ridged | Hassan II | Arms of the Kingdom and inscription "Kingdom of Morocco" | |
[edit] Banknotes
| Dirham Banknotes [2] |
|||
|---|---|---|---|
| 1987 Series | |||
| Value | Colour | Obverse | Reverse |
| 10 dirhams | Violet | Hassan II | Moroccan lute |
| 50 dirhams | Green | Hassan II | A fantasia scene |
| 100 dirhams | Brown | Hassan II | The Green March |
| 200 dirhams | Blue | Hassan II | Shellfish, a branch of coral, and an Arab fishing boat. |
| 1996 Series | |||
| 20 dirhams | Brown-reddish | Hassan II | Wall fountain of the Hassan II Mosque |
| 2002 Series | |||
| 50 dirhams | Green | Mohammed VI, Mohammed V | A clay-made building (Ksour) |
| 100 dirhams | Brown | Mohammed VI, Mohammed V, and Hassan II | The Green March |
| 200 dirhams | Blue | Mohammed VI and Hassan II | A window of the Hassan II Mosque |
Current MAD exchange rates
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