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Article (56): Currency Legal Tender

Fed Law 14/2018 Issued on 1/10/2018

Currency notes and digital currency issued by the Central Bank shall be legal tender for payment of any amount up to their full face value.

Currency coins issued by the Central Bank shall be legal tender in the State for payment of any amount with its full face value, and not exceeding fifty (50) Dirhams. Nevertheless, should such Currency coins be presented to the Central Bank, the latter must accept them without any limitation to its quantity.

This article has been amended by Decretal Federal Law No. (54) of 2023. You are viewing the latest version. To view the previous version, click the version box below.
Version 1(effective from 31/10/2018 to 01/11/2023)

 

1) Currency notes issued by the Central Bank shall be legal tender for payment of any amount up to their full face value.

2) Currency coins issued by the Central Bank shall be legal tender in the State for payment of any amount with its full face value, and not exceeding fifty (50) Dirhams. Nevertheless, should such Currency coins be presented to the Central Bank, the latter must accept them without any limitation to its quantity.