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5 Dirhams - al-Hassan II

Issuer Banque du Maroc
Year 1970
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Composition Cotton paper
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Obverse description Printed in purple on a light underprint, the obverse carries a portrait vignette of King Hassan II at left, rendered in intaglio, with a central vignette of the fortified ksar of Aït Benhaddou near Ouarzazate. Guilloche rosettes occupy the corners, and the dual date inscription in both Gregorian and Hijri calendars appears within the design.
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Reverse lettering BANQUE DU MAROC
CINQ DIRHAMS
LES AUTEURS OU COMPLICES DE FALSIFICATION OU DE CONTREFAÇON DE BILLETS DE BANQUE SERONT PUNIS CONFORMÉMENT AUX LOIS ET ACTES EN VIGUEUR
THOMAS DE LA RUE & COMPANY, LIMITED
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Comments

Thomas De La Rue printed this note during a period when Morocco was consolidating its post-independence banking infrastructure — Banque du Maroc had only been established in 1959 to replace the old Banque d'État du Maroc, itself a relic of the 1906 Algeciras Act that had placed Moroccan monetary affairs under international supervision. The 5 Dirham denomination sat at the lower end of everyday transactional currency, and this series saw heavy use in rural markets and small commerce throughout the early 1970s, meaning survivors in any reasonable condition are harder to find than the print run alone would suggest.

The signature pairing is notable: El Mdaghri as Governor alongside Prince Moulay Hassan Ben Medhdi El Alaovi as a high-level signatory reflects the careful integration of royal authority into state financial institutions that characterized Hassan II's governance.

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