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250 Dirhams - Mohammed VI Moroccan Phosphate Company
| Issuer | Bank Al-Maghrib |
|---|---|
| Year | 2010 |
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| Currency | Dirham (1960-date) |
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| Obverse description | Bare-headed effigy of King Mohammed VI facing right, occupying the central field. An Arabic legend curves to the upper left and lower left of the portrait, with the dual date '2010 - 1431' inscribed in the lower exergue in Latin and Arabic-Hijri numerals respectively. The coin features a raised rim with a milled border. |
|---|---|
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| Reverse script | Arabic, Latin |
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| Additional information |
The Office Chérifien des Phosphates, founded in 1920 under the French Protectorate, controls roughly 70% of the world's known phosphate reserves — a geological accident that has shaped Moroccan foreign policy, treaty negotiations, and state finances for a century. This issue commemorates the company's restructuring into OCP S.A. under Mohammed VI, part of a broader privatization-adjacent reform that retained full state ownership while modernizing the corporate structure for international bond markets.
Bank Al-Maghrib's commemorative silver program of this period produced numerous 250-dirham pieces to the same Britannia-standard specification, most in limited mintages distributed through the central bank directly.