200 Dirhams - Hassan II Moroccan-American Friendship Treaty, Gold

The Moroccan-American Friendship Treaty of 1787 is the oldest unbroken treaty of friendship the United States maintains with any foreign nation — Morocco recognized American independence before the ink was dry on the Constitution. This 1987 commemorative marks the bicentennial of that agreement, struck exactly two centuries after Sultan Muhammad III signed the original document in Marrakesh.

Hassan II used such high-profile gold issues strategically throughout his reign to signal diplomatic alignment with Western powers during a period when Morocco's position between Arab nationalism and Atlantic alliances demanded careful management. The .900 fine composition matches French monetary convention, a deliberate technical choice with its own colonial history.