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Moroccan dirham

The Moroccan dirham (Arabic: ????????, romanized: dirham, Moroccan Arabic: ????????, romanized: derhem; 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; Arabic: ??????????). The exchange rate of the Moroccan dirham is determined within a band of fluctuation of ?? 5 percent compared to a central rate established by the central bank of Morocco on the basis of a currency basket composed of the euro and United States dollar by up to 60% and 40% respectively. History The word dirham derives...

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wikidata.org 0 views · 2024-12-26 18:55:04

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