Morocco has been invaded and occupied by Phoenicians, Carthaginians, Romans, Vandals, Goths, Visigoths, Byzantine Greeks, and Islamic Arabs since about 1200 B.C. Modern Morocco is the remnant of the Moors who occupied the region from the 7th century. Morocco was controlled by the French and Spanish from the 19th century, only until Morocco became independent in 1956.
Before the introduction of a modern coinage in 1882, Morocco issued copper coins denominated in falus, silver coins denominated in dirham and gold coins denominated in benduqi. From 1882, the dirham became a subdivision of the Moroccan rial, with 10 dirham = 1 rial.
The dirham was reintroduced in 1960. It replaced the franc as the major unit of currency but, until 1974, the franc continued to circulate, with 1 dirham = 100 francs. In 1974, the santim replaced the franc.