# Moroccan dirham

> currency of Morocco

**Wikidata**: [Q200192](https://www.wikidata.org/wiki/Q200192)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Moroccan_dirham)  
**Source**: https://4ort.xyz/entity/moroccan-dirham

## Summary
The Moroccan dirham is the official currency of Morocco, introduced in 1882. It is also used in the partially recognized Sahrawi Arab Democratic Republic and is part of the broader dirham currency system used in several Arab and Islamic states. The dirham replaced the Moroccan franc, which was in circulation from 1921 to 1974.

## Key Facts
- The Moroccan dirham was introduced in 1882, replacing the Moroccan franc.
- It is the currency of Morocco, a sovereign state in North Africa.
- The dirham is also used in the Sahrawi Arab Democratic Republic, which was established in 1976.
- The dirham is part of the broader dirham currency system, shared with other Arab and Islamic states.
- The central bank of Morocco is Bank Al-Maghrib, founded in 1959.
- Morocco gained independence from French and Spanish protectorates in 1956.
- The dirham is named after the historical dirham unit, which has been used in various Arab and Islamic states.
- The dirham is issued and regulated by Bank Al-Maghrib, Morocco’s central bank.

## FAQs
**What is the history of the Moroccan dirham?**
The Moroccan dirham was introduced in 1882, replacing the Moroccan franc, which had been in use since 1921. The dirham is part of a broader currency system used in several Arab and Islamic states.

**Where is the Moroccan dirham used?**
The Moroccan dirham is the official currency of Morocco and is also used in the Sahrawi Arab Democratic Republic, a partially recognized state in Western Sahara.

**What is the relationship between the Moroccan dirham and other currencies?**
The Moroccan dirham is part of the broader dirham currency system, which is used in several Arab and Islamic states. It is distinct from the Moroccan franc, which was its predecessor.

**Who regulates the Moroccan dirham?**
The Moroccan dirham is issued and regulated by Bank Al-Maghrib, the central bank of Morocco, which was founded in 1959.

**What is the significance of the dirham in Morocco’s economy?**
The dirham is the primary medium of exchange in Morocco and plays a crucial role in the country’s economy. It is also used in the Sahrawi Arab Democratic Republic, reflecting its regional economic importance.

## Why It Matters
The Moroccan dirham is a key economic indicator of Morocco, reflecting the country’s stability and economic strength. Its use in the Sahrawi Arab Democratic Republic underscores its regional significance. As the currency of a sovereign state with a rich history, the dirham is tied to Morocco’s political and economic development. Its regulation by Bank Al-Maghrib ensures financial stability and growth, making it an essential part of Morocco’s economic infrastructure.

## Notable For
- The Moroccan dirham is the official currency of Morocco, a sovereign state in North Africa.
- It is also used in the Sahrawi Arab Democratic Republic, a partially recognized state in Western Sahara.
- The dirham is part of the broader dirham currency system, shared with other Arab and Islamic states.
- The dirham was introduced in 1882, replacing the Moroccan franc, which had been in use since 1921.
- The dirham is issued and regulated by Bank Al-Maghrib, Morocco’s central bank, founded in 1959.

## Body
### History
The Moroccan dirham was introduced in 1882, replacing the Moroccan franc, which had been in use since 1921. This transition reflects Morocco’s evolving economic and political landscape. The dirham is part of a broader currency system used in several Arab and Islamic states, including the Sahrawi Arab Democratic Republic, which was established in 1976. This regional currency system underscores the dirham’s importance in North Africa and the Middle East.

### Economic Role
The Moroccan dirham is the primary medium of exchange in Morocco and plays a crucial role in the country’s economy. Its use in the Sahrawi Arab Democratic Republic highlights its regional economic significance. The dirham is issued and regulated by Bank Al-Maghrib, Morocco’s central bank, which was founded in 1959. This institution ensures the stability and growth of the dirham, making it an essential part of Morocco’s economic infrastructure.

### Political and Regional Significance
Morocco gained independence from French and Spanish protectorates in 1956, marking a significant milestone in its history. The dirham is tied to this period of political development and reflects Morocco’s role in the broader Arab world. Its use in the Sahrawi Arab Democratic Republic underscores its regional importance, particularly in Western Sahara. The dirham is also part of the League of Arab States, an organization of Arab states founded in 1945, further emphasizing its regional significance.

### Cultural and Historical Context
The dirham is named after the historical dirham unit, which has been used in various Arab and Islamic states. This historical connection ties the dirham to the cultural and economic heritage of the region. The dirham’s use in Morocco and the Sahrawi Arab Democratic Republic reflects its enduring relevance in North Africa and the Middle East. Its regulation by Bank Al-Maghrib ensures its continued importance in the region’s economic landscape.

### Related Entities
- **Morocco**: A sovereign state in North Africa, Morocco gained independence in 1956 from French and Spanish protectorates. The dirham is the official currency of Morocco and plays a key role in its economy.
- **Sahrawi Arab Democratic Republic**: A partially recognized state in Western Sahara, established in 1976. The dirham is also used in this region, reflecting its regional economic importance.
- **Bank Al-Maghrib**: The central bank of Morocco, founded in 1959. It issues and regulates the Moroccan dirham, ensuring its stability and growth.
- **League of Arab States**: An organization of Arab states founded in 1945. The dirham is part of the broader currency system used in this organization, underscoring its regional significance.
- **Western Sahara**: A territory in North and West Africa, which includes the Sahrawi Arab Democratic Republic. The dirham is used in this region, reflecting its economic importance.

## References

1. Freebase Data Dumps. 2013
2. Quora