Comorian Franc in Moroccan Dirham

KMF Comorian Franc

Country of application:
Comoros

Coin denominations in circulation:
25, 50, 100, 250 francs.

Denominations of banknotes in circulation:
500, 1000, 2000, 5000, 10000 francs.

History reference:
The Comorian franc is the currency of the state of Comoros. Comoros is a small island nation located in the Indian Ocean off the eastern coast of Africa. 3 languages are recognized as official here: ...French, Comorian, Arabic, which is reflected in the inscriptions on banknotes and coins of Comoros. The Comoros entered the franc zone in 1976. The name of the national currency is borrowed from the former metropolis, which is quite typical for states that were former colonies of France. The Comorian franc was put into circulation almost immediately after the countrys independence, replacing the French colonial franc. The Central Bank of Comoros, which is the main and only issuer of the national currency in the country, exchanged French colonial francs for the national currency at a ratio of one to one. But the relatively high exchange rate of the Comorian franc did not last long. During the period of the 80-90s of the last century, as a result of inflationary processes, it depreciated quite a lot, after which smaller denominations and coins were withdrawn from circulation.

MAD Moroccan Dirham

Country of application:
Morocco

Coin denominations in circulation:
0.5, 1, 5, 10 dirhams.

Denominations of banknotes in circulation:
20, 50, 100 and 200 dirhams.

History reference:
The monetary unit of Morocco is the Moroccan dirham. The history of the national currency of Morocco is as interesting as the historical path of the kingdom itself. Despite the fact that the current ...currency in the country began to be used relatively recently, the history of the monetary system in this country is very old. Until 1921, the Moroccan rial was used in monetary circulation in Morocco. After 1921, the Moroccan rial is replaced by the Moroccan franc at the rate of 1 rial = 5 francs. In 1956, France recognized the independence of Morocco and reunified with Spanish Morocco, as a result of which the Spanish peseta was introduced into the money circulation in the ratio of 10 francs = 1 peseta. In 1960, the Moroccan dirham was introduced, consisting of 100 francs, and in 1974 the franc was replaced by a centime.