Moroccan Dirham in CFP 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.

XPF CFP Franc

Country of application:
French Polynesia, New Caledonia, Wallis and Futuna.

Coin denominations in circulation:
1, 2, 5, 10, 20, 50, 100 francs.

Denominations of banknotes in circulation:
00, 1000, 5000, 10,000 francs.

History reference:
The French Pacific franc is the currency used in Frances overseas possessions: New Caledonia, French Polynesia, Wallis and Futuna. The international currency code is XPF, introduced in 1945. At the s...ame time, the peg was carried out not to the French (due to the instability of this currency) franc, but to the US dollar. The issue of currency is carried out by the Issuing Institute of Overseas Territories of France. When it was introduced in December 1945 (the CFA franc was introduced at the same time), the abbreviation CFP consisted of the initial letters of the French words Colonies françaises du Pacifique (Pacific French colonies). Since 1967, the monetary unit has been called the "franc of the French offices in the Pacific" (from Comptoirs françaises du Pacifique - French offices in the Pacific). Now the abbreviation CFP (CFP) officially stands for Change Franc Pacifique (Pacific Exchange Franc).