10 Francs

The Banque d'État du Maroc was a peculiar institution — nominally Moroccan, but established by the 1906 Act of Algeciras as a multinational instrument of European financial control over the Sharifian state, with shareholders drawn from fourteen signatory powers. France held the dominant position. That the notes were printed by the Banque de France in Paris, to standards matching metropolitan French currency production, was no coincidence.

Marguerite Dreyfus, who signed her intaglio work as "Rita," and Eugène Gaspérini were both accomplished engravers working within the Banque de France's atelier during this period. Giraldon, the designer, produced work for multiple French colonial issues in the same years.