Dirham - Sidi Mohammed IV 2nd Standard, Fes mint

Sidi Mohammed IV's second dirham standard represented a deliberate revaluation effort as Morocco struggled to maintain a functional silver coinage against chronic debasement pressure and the flood of foreign coin — particularly Spanish reales — that had come to dominate internal trade. The Fes mint, the kingdom's oldest and most politically significant, struck this type through a period of intensifying European commercial encroachment that would culminate in the Treaty of Madrid just three years after this series closed.