15/09/2021: Digitization of the Moroccan dirham
Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.
19/05/2019: Launch of New Bahraini Dinar Series
A new series of Bahraini dinar banknotes was launched, featuring enhanced security features, updated designs, and braille markings for the visually impaired.
02/06/2014: Introduction of the fourth dirham
Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.
06/02/2014: Introduction of Polymer Banknotes
Bahrain introduced polymer banknotes for the first time, enhancing durability and security of the currency.
30/09/2006: Bahraini Dinar Convertibility
Bahrain lifted the restrictions on the convertibility of the Bahraini dinar, allowing it to be freely traded and exchanged internationally.
02/07/2005: Dirham's exchange rate floatation
Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.
20/08/2001: Bahraini Dinar Second Edition
A new series of Bahraini dinar banknotes was introduced, featuring enhanced security features and updated designs.
01/05/1999: Introduction of the third dirham
A new series of Moroccan dirham banknotes was introduced with enhanced security features.
24/06/1994: Establishment of the Bahrain Monetary Agency
The Bahrain Monetary Agency (now known as the Central Bank of Bahrain) was established to regulate and oversee the Bahraini dinar.
12/12/1980: Introduction of the second dirham
A new series of Moroccan dirham banknotes was issued to replace the first series.
17/10/1974: Adoption of the dirham as the currency
The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.
31/12/1972: Bahrain Dinar Pegged to US Dollar
The Bahraini Dinar was pegged to the US Dollar at a fixed exchange rate of 1 dinar = $2.80, which continues to this day.
15/10/1965: Introduction of the Bahraini Dinar
The Bahraini Dinar was introduced as the official currency of Bahrain, replacing the Gulf rupee at a rate of 1 dinar = 10 rupees.
26/11/1960: Introduction of the Moroccan franc (FRF)
The Moroccan franc was introduced as the official currency of Morocco.