04/11/2021: Resignation of Central Bank Governor and Lira Volatility
Following the resignation of the Turkish Central Bank governor, the lira experiences significant volatility in the foreign exchange market.
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.
10/08/2018: Currency Crisis and Lira Depreciation
The Turkish lira suffers a severe depreciation due to escalating tensions with the United States and concerns over the Turkish economy.
15/07/2016: Failed Coup Attempt and Lira Plunge
After a failed coup attempt, the value of the Turkish lira plunges as political instability increases.
02/06/2014: Introduction of the fourth dirham
Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.
30/04/2008: Global Financial Crisis and Turkish Lira
The Turkish lira experiences a significant depreciation as a result of the global financial crisis.
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.
01/01/2005: Introduction of New Turkish Lira (TRY)
Turkey introduces a new version of the Turkish lira, denoted as TRY, with a new currency symbol.
01/05/1999: Introduction of the third dirham
A new series of Moroccan dirham banknotes was introduced with enhanced security features.
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.
26/11/1960: Introduction of the Moroccan franc (FRF)
The Moroccan franc was introduced as the official currency of Morocco.
29/10/1930: Adoption of the New Turkish Lira
The Turkish government introduces the New Turkish Lira (Yeni Türk Lirası) to replace the old currency.
29/10/1923: Founding of the Republic of Turkey
The Turkish lira is officially established as the currency of the newly founded Turkish Republic.