Historic Solomon Islands Dollar Moroccan dirham

Solomon Islands Dollar moroccan dirham history for August 2023. The highest quote for this month is 1.1954 (21/08/2023) and the lowest 1.1538 (24/08/2023). The difference between high and low is 3.48.

SBD MAD average rate for August 2023 is 1.17432, the change between 01/08/2023 and 31/08/2023 is -1.24 %.

02 August 20231 SBD = 1.180 MAD
04 August 20231 SBD = 1.174 MAD
17 August 20231 SBD = 1.183 MAD
21 August 20231 SBD = 1.141 MAD
24 August 20231 SBD = 1.194 MAD

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.

28/06/2019: Withdrawal of the $2 note

The Central Bank of Solomon Islands announced the withdrawal of the $2 note from circulation, promoting the use of coins instead.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

02/01/2012: Introduction of polymer banknotes

The Central Bank of Solomon Islands issued polymer banknotes to replace the paper ones, enhancing durability and security.

02/05/2011: Renewal of currency design

The Central Bank of Solomon Islands introduced new banknotes with enhanced security features and a refreshed design.

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.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

22/03/1993: Introduction of the $2 coin

The $2 coin was introduced as a new denomination of the Solomon Islands Dollar.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

25/01/1979: Monetary Authority Act

The Monetary Authority Act was passed, establishing the Central Bank of Solomon Islands as the sole issuer and regulator of the SBD.

06/07/1977: Introduction of the Solomon Islands Dollar

The Solomon Islands Dollar was introduced as the official currency replacing the Australian Dollar at a rate of 1:1.

07/06/1977: Independence of Solomon Islands

Solomon Islands gained independence from British rule, establishing the need for their own currency, the Solomon Islands Dollar (SBD).

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.