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When most of Morocco became a French protectorate in 1912 it switched to the Moroccan franc. The dirham was reintroduced on 16 October 1960. [5] It replaced the franc as the major unit of currency but, until 1974, the franc continued to circulate, with 1 dirham = 100 francs. In 1974, the centime replaced the franc.
Agadir became a large city of over half a million by 2004, with a large port with four basins: the commercial port with a draft of 17 metres, triangle fishing, fishing port, and a pleasure boat port with marina. Agadir was the premier sardine port in the world in the 1980s and has a beach stretching over 10 km with fine seafront promenades.
It was founded in 1959 as the successor to the State Bank of Morocco (est. 1907). In 2008 Bank Al-Maghrib held reserves of foreign currency with an estimated worth of US$36 billion. In addition to currency management, the Bank Al-Maghrib also supervises a number of private banks supplying commercial banking services.
Pages in category "Currencies of Morocco" The following 6 pages are in this category, out of 6 total. This list may not reflect recent changes. A. Almoravid dinar; F.
This is a list of commercial banks in Morocco, ... Currency Exchange Practices at Moroccan Banks This page was last edited on 27 December 2024, at 02:12 ...
The rial was the currency of Morocco between 1880 and 1921. ... In French Morocco, the rial was replaced in 1921 by the franc at a rate of 1 rial = 10 francs.
Morocco portal Subcategories. This category has the following 4 subcategories, out of 4 total. ... Pages in category "Agadir" The following 12 pages are in this ...
The economy of Morocco is considered relatively liberal, governed by the law of supply and demand. Since 1993, in line with many Western world changes, Morocco has followed a policy of privatisation. [19] Morocco has become a major player in African economic affairs, [20] and is the 6th largest African economy by GDP (PPP).