Thursday, July 25, 2013

Morocco to issue new banknotes

Bank Al Maghreb will issue a series of banknotes in denominations of 20, 50, 100 and 200 dirhams starting from August 15, 2013.

The new notes will be safer and more difficult to counterfeit.

The new banknotes reflect Morocco's cultural and geographic diversity by featuring cities of Casablanca and Rabat in the 20 dirhams note, the Argan tree of the Sous region and Ouzoud waterfalls of Azilal in the 50 dirhamsote, the sand dunes and desert life referring to the Moroccan Sahara in the 100 dirhams note and Tangier-Med port and Cape Spartel Lighthouse in the 200 dirhams note.

The 200 dirhams note will be circulated as soon as August 15, 2013 on the occasion of the Feast of the Throne, while the issue of the 100 dirhams is planned in conjunction with the celebration of Youth Day. As for the 50 dirhams note, it will be circulated on the occasion of the anniversary of the Green March. The last note of this series, the 20 dirhams will be issued on the occasion of the Independence Day.

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