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10 Dirhams

Issuer Banque du Maroc
Year 1960-1969
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Value 10 Dirhams (10 MAD)
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Obverse description Portrait of King Hassan II in traditional white djellaba and tarbouche faces left at centre-left, with the Hassan Tower in Rabat rendered as a central vignette in the background. Arabic inscriptions reading 'Banque du Maroc' and 'Ashara Darahim' appear across the upper portion, with denomination numerals in Arabic script at upper corners. A blank cartouche for the signature panel is positioned to the right, with serial number and prefix letter at lower left and lower right respectively.
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Reverse description A pastoral agricultural vignette occupies the central field, showing labourers harvesting fruit from heavily laden trees in an orchard, with a horse-drawn cart visible along a road receding into the distance. The bank name 'BANQUE DU MAROC' is inscribed at the top in serif capitals, and the denomination 'DIX DIRHAMS' appears in bold letterpress at the lower centre. An anti-counterfeiting legal warning in French is printed in small text at the lower right, with guilloché border ornaments framing all four corners.
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Banque du Maroc was established in 1959 as Morocco's first post-independence central bank, replacing the Banque d'État du Maroc — an institution that had been under joint international control since the 1906 Act of Algeciras. This series followed almost immediately, with printing contracted to the Banque de France in Paris, an arrangement reflecting the technical dependency that newly independent states routinely inherited from their former administering powers.

Five distinct signature combinations appear across P#54, tracking a decade of personnel changes at the top of the institution. The pairing of Abdelkrim Lazrek with Prince Moulay Hassan Ben Medhdi El Alaovi is the rarest and most sought-after — the Prince serving briefly as a governor-level signatory before the bank's directorship stabilized under civilian technocrats.

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