150 Dirhams - Hassan II 20th Anniversary King Hassan's Coronation

Hassan II ascended the Moroccan throne in March 1961 following the sudden death of his father Mohammed V, and the early years of his reign were turbulent enough that a twentieth anniversary felt worth marking formally. The 1981 commemorative program coincided with a period of significant domestic tension — the early 1980s brought severe economic strain tied to falling phosphate revenues and IMF-mandated austerity, making a silver issue at this weight something of a political statement about institutional continuity.

Bank Al-Maghrib issued these in limited quantities for the collector market rather than circulation.