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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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Signature(s) Mohamed Tahiri / M'hamed Zeghari
Ahmed Ben Nani / M'hamed Zeghari
Ahmed Ben Nani / Driss Slaovi
Abdelkrim Lazrek / M'hamed Zeghari
Abdelkrim Lazrek / Prince Moulay Hassan Ben Medhdi El Alaovi
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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.