The Moroccan dirham is Morocco's official currency and is also used unofficially in Ceuta, Melilla, and Spain. It is divided into 100 cents, with banknotes in denominations of 20, 50, 100, and 200 dirhams, and coins in ½, 1, 5, 10 dirhams, as well as 10 and 20 cents. The dirham became Morocco's currency in 1882, replaced by the French franc in 1912, and was reintroduced in 1960 at a rate of 1 dirham = 100 francs. While unofficial money names like rial for five cents and franc for one cent are common, they are not recognized by the government.