Moroccan Dirham in Bahamian Dollar

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.

BSD Bahamian Dollar

Country of application:
Bahamas

Coin denominations in circulation:
1, 5, 10, 25 cents.

Denominations of banknotes in circulation:
1, 5, 10, 20, 50, 100 dollars.

History reference:
The Bahamian dollar has been the national currency and money of the Commonwealth of the Bahamas since 1966. It replaced the Bahamian pound when the islands were granted self-government, and later ind...ependence (although the country remained part of the British Commonwealth). The Bahamian dollar replaced the Bahamian pound, which was equal to the British pound sterling, divided into 20 shillings or 240 pence, at a ratio of 1 dollar = 7 shillings (1 dollar = 0.35 pounds) in 1966. At the same time, a transition was made to the decimal system - the Bahamian dollar began to equal 100 cents. During the transition to a new currency, three-dollar bills and coins of fifteen cents were introduced, since three dollars are approximately equal to one pound, and fifteen cents - 1 shilling, which was convenient during the transition period.