Morocco Dirham is an official currency of Morocco with currency code MAD and symbol DH. The central bank of Morocco, Bank Al-Maghrib, is a government body for issuance of money. Currency is subdivided into 100 centimes. From the 8th to 10th century, Idrissid dirham was legal tender in Morocco under Idrissid dynasty. In 1912, Morocco switched its currency to Moroccan franc. In 1960, the dirham was reintroduced as Moroccan currency, but franc remained legal tender until 1974.
Coin of 1 dirham was introduced in 1960. A series of new coinage in denominations of 1, 5, 10, 20 and 50 sanimate and 1, 5 dirhams was introduced in 1974. The first series of Morocco Dirham banknotes were issued in 1965 in denominations of 5, 10 and 50 dirhams. The Bank Al-Maghrib introduced a whole new series of banknotes on 15th August 2013.
The current series of banknotes and coins generally circulation in Moroccan economy include:
Banknotes:
Frequently used 20, 50, 100 & 200 dirhams
Coins:
Frequently used 1⁄2, 1, 5 & 10 dirhams.
Rarely used 10 & 20 centimes