What are Moroccan coins called?
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Benjamin King
Works at Google, Lives in Mountain View, CA
As a domain expert in the field of numismatics, which is the study or collection of currency, I can provide you with a comprehensive understanding of Moroccan coins.
Moroccan coins are known as the Moroccan Dirham. The term "dirham" has historical roots and is used in several countries, but when we talk about Morocco, we are specifically referring to the Moroccan Dirham, which is the legal tender of the country. The Moroccan Dirham is abbreviated as "MAD" (Moroccan Dirham) and is symbolized by the letters "DH" or sometimes "DA" when referring to the singular form.
The Moroccan Dirham is subdivided into 100 smaller units, each called a santim. The word "santim" is derived from the Latin "centum," which means one hundred. This is similar to how the US Dollar is divided into 100 cents or the Euro into 100 eurocents.
The history of the Moroccan Dirham dates back to 1882, when it was first introduced as the official currency of Morocco. Over the years, the design and value of the Dirham have undergone several changes, reflecting the country's economic development and shifts in international exchange rates.
Moroccan coins come in a variety of denominations, which serve different purposes and are used in various transactions. As of my last update, there are nine denominations of coins in circulation:
1. 1 santim - The smallest coin, used for minor transactions.
2. 5 santims - A common coin used in everyday commerce.
3. 10 santims - This coin is also widely used in daily transactions.
4. 20 santims - Slightly larger in size and value, used for more substantial purchases.
5. 50 santims - A half Dirham coin, useful for transactions that require a bit more value.
6. 1 Dirham - The first base unit coin, equivalent to 100 santims.
7.
2 Dirhams - This coin is used for slightly larger purchases or as a convenient way to make change.
8.
5 Dirhams - A mid-range denomination that is used for a variety of transactions.
9.
10 Dirhams - The highest denomination coin, used for more expensive transactions or to make large purchases more convenient.
In addition to the coins, the Moroccan Dirham is also available in banknotes, which come in four denominations:
1. 20 Dirhams - The smallest banknote, featuring local landmarks and cultural elements.
2. 50 Dirhams - A bit larger, often used for mid-range purchases.
3. 100 Dirhams - A significant amount of currency, used for larger transactions.
4. 200 Dirhams - The highest denomination banknote, used for substantial financial exchanges.
The design of both the coins and banknotes often reflects the rich history, culture, and natural beauty of Morocco. They can be a source of national pride and are sometimes collected by numismatists for their artistic and historical value.
It's important to note that the availability and circulation of certain denominations can vary over time due to changes in economic policy, inflation, or the introduction of new security features to combat counterfeiting. Therefore, it's always a good idea to stay updated with the latest information from official sources when dealing with foreign currencies.
Moroccan coins are known as the Moroccan Dirham. The term "dirham" has historical roots and is used in several countries, but when we talk about Morocco, we are specifically referring to the Moroccan Dirham, which is the legal tender of the country. The Moroccan Dirham is abbreviated as "MAD" (Moroccan Dirham) and is symbolized by the letters "DH" or sometimes "DA" when referring to the singular form.
The Moroccan Dirham is subdivided into 100 smaller units, each called a santim. The word "santim" is derived from the Latin "centum," which means one hundred. This is similar to how the US Dollar is divided into 100 cents or the Euro into 100 eurocents.
The history of the Moroccan Dirham dates back to 1882, when it was first introduced as the official currency of Morocco. Over the years, the design and value of the Dirham have undergone several changes, reflecting the country's economic development and shifts in international exchange rates.
Moroccan coins come in a variety of denominations, which serve different purposes and are used in various transactions. As of my last update, there are nine denominations of coins in circulation:
1. 1 santim - The smallest coin, used for minor transactions.
2. 5 santims - A common coin used in everyday commerce.
3. 10 santims - This coin is also widely used in daily transactions.
4. 20 santims - Slightly larger in size and value, used for more substantial purchases.
5. 50 santims - A half Dirham coin, useful for transactions that require a bit more value.
6. 1 Dirham - The first base unit coin, equivalent to 100 santims.
7.
2 Dirhams - This coin is used for slightly larger purchases or as a convenient way to make change.
8.
5 Dirhams - A mid-range denomination that is used for a variety of transactions.
9.
10 Dirhams - The highest denomination coin, used for more expensive transactions or to make large purchases more convenient.
In addition to the coins, the Moroccan Dirham is also available in banknotes, which come in four denominations:
1. 20 Dirhams - The smallest banknote, featuring local landmarks and cultural elements.
2. 50 Dirhams - A bit larger, often used for mid-range purchases.
3. 100 Dirhams - A significant amount of currency, used for larger transactions.
4. 200 Dirhams - The highest denomination banknote, used for substantial financial exchanges.
The design of both the coins and banknotes often reflects the rich history, culture, and natural beauty of Morocco. They can be a source of national pride and are sometimes collected by numismatists for their artistic and historical value.
It's important to note that the availability and circulation of certain denominations can vary over time due to changes in economic policy, inflation, or the introduction of new security features to combat counterfeiting. Therefore, it's always a good idea to stay updated with the latest information from official sources when dealing with foreign currencies.
Works at the International Fund for Agricultural Development, Lives in Rome, Italy.
The Morocan Dirham. The dirham is the legal tender in Morocco, made up of 100 units each of them called a santim. Dirhams are the official Moroccan currency since 1882, and they come in coins of nine denominations and banknotes of four denominations.
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Benjamin Turner
QuesHub.com delivers expert answers and knowledge to you.
The Morocan Dirham. The dirham is the legal tender in Morocco, made up of 100 units each of them called a santim. Dirhams are the official Moroccan currency since 1882, and they come in coins of nine denominations and banknotes of four denominations.
