20 Francs - Mohammed V

Morocco's 1928–1933 silver franc series was struck under the French Protectorate, with Mohammed V having only nominal authority over coinage policy — monetary decisions rested entirely with the Résidence générale in Rabat. The Monnaie de Paris handled all Moroccan coin production throughout the protectorate period, and this issue was part of a broader rationalization of Moroccan currency following the franc's stabilization under Poincaré in 1926.

The .680 fineness was deliberately below metropolitan French silver standards, a common colonial-era practice that kept bullion costs lower for issues destined for peripheral territories.