World Currencies: Moroccan Currency

Moroccan Currency
The franc was the currency of French Morocco from 1921. It became the currency of all Morocco in 1957 and circulated until 1974. It was divided into 100 centimes (Arabic: سنتيم).

Before the first World War, the Moroccan rial was worth 5 French francs. However, after the war, the franc's value fell, such that when the franc replaced the rial, it was at a rate of 10 francs = 1 rial. The Moroccan franc was equal in value to the French franc. When Spanish Morocco was united with the rest of Morocco, the franc replaced the Spanish peseta at a rate of 1 peseta = 10 francs.

In 1960, the dirham was introduced. It was subdivided into 100 francs. The franc was replaced as the subdivision of the dirham by the santim in 1974.

Moroccan Currency