Falus
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The falus was a bronze/copper currency of Morocco.
Minted between 1672–1901, denominations of ¼, ½, 1, 2, 3, 4, 6, and 8 falus are recorded in the Standard Catalogue.[1]
[edit] Identification
They are typically denominated by size rather than by inscription, and can be difficult to identify precisely.
[edit] Depreciation
From 1862, the falus was allowed to float, while the exchange rate for the silver dirham was fixed: This resulted in currency speculation and depreciation, with effectively two parallel currencies.[2]
[edit] References
- ^ "Morocco". NumisMaster.com. http://www.numismaster.com/ta/inside_numis.jsp?page=PriceGuideInfoCountry&PriceGuideId=449&ad=449&CountryId=225. Retrieved 12 July 2009.
- ^ Pennell, C.R. (2001). Morocco since 1830: A History. New York: New York University Press. pp. 79–80. ISBN 0814766773. http://books.google.co.uk/books?id=QtBazz0I7uYC&pg=PA80&lpg=PA80&dq=morocco+coin+silver+depeciation+speculation&source=bl&ots=wyYRcaSE_d&sig=81ZYa6n-Jmq03TgWORtRU2hmIGQ&hl=en&ei=tihZSt-zG8nRjAeimbEb&sa=X&oi=book_result&ct=result&resnum=3.
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