Currency of Morocco

Dirham is the currency of Morocco, which is denoted as MAD according to ISO 4217. The Dirham is divided into 100 Santimat. In 19th century, Morocco issued gold coins, which were known as Benduqi, silver coins as Dirham and copper coins as Falus. When French ruled Morocco, they introduced Moroccan Franc with 1 Dirham = 100 Francs. Then in 1960, Dirham again replaced Franc as the major unit of currency.

In 1974 Central Bank of Morocco introduced Santim and new coinage series in the denominations of 1, 5, 10, 20 and 50 Santimat and 1 Dirham. The 1 Dirham and 50 Santimat coins were made of cupro-nickel. While 5, 10 and 20 Santimat coins were made of brass and 1 Santim of Alluminium.

Later on 50 Santimat got replaced by 1/2 Dirham and coins in denominations of 2, 5 and 10 Dirham were also issued.
First notes in Dirham were 50 and 100, and then in 1965 Bank Al-Maghrib issued a new series of banknotes, which featured King Hassan II, in the denominations of 5, 10 and 50 Dirhams. Later on, they introduced 100 and 200 Dirham banknotes. In 1980 and 1995, 5 and 10 Dirham notes were changed in to the coins, respectively.

Morocco Currency Dirham