Bank Al-Maghrib Commemorates Unity Day with Special Minting
In a significant move that underscores Morocco's commitment to its territorial integrity, the Central Bank of Morocco, known as Bank Al-Maghrib (BAM), has unveiled a commemorative silver coin worth 250 Dirhams. This announcement, made in Rabat, celebrates the first anniversary of Unity Day, which falls on October 31, marking a pivotal moment in the nation’s history. The occasion coincides with the UN Security Council's adoption of Resolution 2797 in 2025, emphasizing that a resolution to the Western Sahara conflict is only feasible within the framework of the autonomy plan proposed by Morocco.
Design and Features of the Commemorative Coin
The newly minted coin features a striking design that showcases the portrait of His Majesty King Mohammed VI on its obverse side, surrounded by inscriptions in Arabic and Tifinagh, along with the years 2026 and 1448 in the Islamic calendar. The reverse side prominently displays the Arabic phrase "The First Anniversary of Unity Day" alongside its English equivalent, encapsulating the significance of this day for Moroccans. Additionally, the king's coat of arms is elegantly framed by two olive branches, symbolizing peace and unity, and the date "31 October" is inscribed along with the coin's denomination of 250 Dirhams in both numerals and Arabic script.
This coin is crafted from a silver-copper alloy, consisting of 92.5% silver and 7.5% copper, weighing precisely 28.28 grams with a diameter of 38.61 millimeters. While the nominal value of the coin is legally recognized as a mode of payment, typical market prices for similar commemorative coins often exceed the face value, owing to manufacturing costs and the intrinsic value of the silver itself. The central bank has yet to disclose specific details regarding pricing or distribution channels, but collectors can anticipate that the sale prices at Bank Al-Maghrib and its partner banks will likely reflect a price point near double the nominal value due to these factors.
As reported by maghreb-post.de.
