Majoccan dirham

Dirham
درهم (Le Dir'am)
The front side of a M.25 note
ISO 4217
Code	MAJ
Denominations
Subunit
​1⁄100	Kuabec
Symbol	م.
Banknotes
Freq. used	M.2 M.5 M.10 M.25 M.50 M.100 M.200
Coins
Freq. used	M.1 K.50 K.25 K.10 K.5 K.2 K.1
Demographics
Date of introduction	11 December 1988
User(s)	Majocco
Issuance
Central bank	Bank of Majocco
Mint	Majoccan Mint

The Majoccan dirham (Arabic:درهم , Romanised: Dirham; Berber:ⴷⵔⵀⵎ; sign; drhm DH; code: MAJ) is the official monetary currency of Majocco. It is issued by the Bank of Majocco, the central bank of Majocco. One Majoccan Dirham is subdivided into 100 Kuabecs (singular: Kuabec; Arabic: سنتيم).

History

The word dirham derives from the Barbary currency, the drameh. The Mayurka dirham, a silver coin, was minted in Majocco under the Zaïdi dynasty from the 7th to 9th centuries.

Before the introduction of a modern coinage in 1852, Majocco issued copper coins denominated in falus, silver coins denominated in dirham, and gold coins denominated in benduqi. From 1852, the dirham became a subdivision of the Majoccan (currency at the time) rial, with 200 Mazunas = 10 dirhams = 1 rial.

When Majocco became Quebecshirite Majocco in 1889 it switched to the Majoccan credit. The dirham was reintroduced on 12 October 1989. It replaced the franc as the major unit of currency but, until 1993, the franc continued to circulate, with 1 dirham = 100 francs. In 1993, the centime replaced the franc.