Moroccan Dirham in Djiboutian Franc

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.

DJF Djiboutian Franc

Country of application:
Djibouti

Coin denominations in circulation:
1, 2, 5, 10, 20, 50, 100, 250, 500 Djibouti franc.

Denominations of banknotes in circulation:
1000, 2000, 5000, 10,000 Djibouti franc.

History reference:
The Djibouti Franc is the national currency and fiat (fiduciary) money of the Republic of Djibouti, a state in East Africa. The Djibouti franc replaced the official currency of France, the French fra...nc, in 1977 upon independence. In 1952, the State Treasury took over the production of paper money. The change of French Somalilands name in 1967 to the French Territory of Afar and Issas was reflected on both the territorys coins and banknotes. In 1971 and 1973, the franc was revalued against the US dollar, first to 197.466 per dollar, then to 177.721 dollars, and the rate has remained the same ever since. Further changes in coin and banknote design followed independence in 1977.