title: Falus
text: # Falus
  
  The falus was a bronze/copper currency of Morocco.
  
  Minted between 1672–1901, denominations of 1⁄4, 1⁄2, 1, 2, 3, 4, 6 and 8 falus are recorded in the Standard Catalogue.
  
  ## Identification
  
  They are typically denominated by size rather than by inscription, and can be difficult to identify precisely.
  
  ## 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.
  
  