Moroccan dirham
د م.
The Moroccan dirham (درهم, درهم; ⴷⵔⵀⵎ; 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; سانتيم).The word dirham derives from the Greek currency, the drachma. The Idrissid dirham, a silver coin, was minted in Morocco under the Idrisid dynasty from the 8th to 10th centuries.
Before the introduction of a modern coinage in 1882, Morocco issued copper coins denominated in falus, silver coins denominated in dirham, and gold coins denominated in benduqi. From 1882, the dirham became a subdivision of the Moroccan rial, with 500 Mazunas = 10 dirham = 1 rial.
When most of Morocco became a French protectorate in 1912 it switched to the Moroccan franc. The dirham was reintroduced on 16 October 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.
Country
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Morocco
In a region inhabited since the Paleolithic era over 300,000 years ago, the first Moroccan state was established by Idris I in 788. It was subsequently ruled by a series of independent dynasties, reaching its zenith as a regional power in the 11th and 12th centuries, under the Almoravid and Almohad dynasties, when it controlled most of the Iberian Peninsula and the Maghreb. In the 15th and 16th centuries, Morocco faced external threats to its sovereignty, with Portugal seizing some territory and the Ottoman Empire encroaching from the east. The Marinid and Saadi dynasties otherwise resisted foreign domination, and Morocco was the only North African nation to escape Ottoman dominion. The 'Alawi dynasty, which rules the country to this day, seized power in 1631, and over the next two centuries expanded diplomatic and commercial relations with the Western world. Morocco's strategic location near the mouth of the Mediterranean drew renewed European interest; in 1912, France and Spain divided the country into respective protectorates, reserving an international zone in Tangier. Following intermittent riots and revolts against colonial rule, in 1956, Morocco regained its independence and reunified. -
Western Sahara
Occupied by Spain until 1975, Western Sahara has been on the United Nations list of non-self-governing territories since 1963 after a Moroccan demand. It is the most populous territory on that list, and by far the largest in area. In 1965, the United Nations General Assembly adopted its first resolution on Western Sahara, asking Spain to decolonize the territory. One year later, a new resolution was passed by the General Assembly requesting that a referendum be held by Spain on self-determination. In 1975, Spain relinquished administrative control of the territory to a joint administration by Morocco, which had formally claimed the territory since 1957 and Mauritania. A war erupted between those countries and a Sahrawi nationalist movement, the Polisario Front, which proclaimed itself the rightful leadership of the SADR with a government in exile in Tindouf, Algeria. Mauritania withdrew its claims in 1979, and Morocco eventually secured de facto control of most of the territory, including all major cities and most natural resources. The United Nations considers the Polisario Front to be the legitimate representative of the Sahrawi people, and maintains that the Sahrawis have a right to self-determination.