Historic Icelandic Krona Panamanian Balboa

Icelandic Krona panamanian balboa history for October 2023. The highest quote for this month is 0.007081 (06/10/2023) and the lowest 0.007135 (06/10/2023). The difference between high and low is -0.76.

ISK PAB average rate for October 2023 is 0.00706, the change between 01/10/2023 and 31/10/2023 is +0.84 %.

02 October 20231 ISK = 0.0071 PAB
03 October 20231 ISK = 0.0070 PAB
04 October 20231 ISK = 0.0070 PAB
05 October 20231 ISK = 0.0070 PAB
06 October 20231 ISK = 0.0071 PAB
09 October 20231 ISK = 0.0071 PAB
10 October 20231 ISK = 0.0071 PAB
11 October 20231 ISK = 0.0071 PAB
12 October 20231 ISK = 0.0071 PAB
13 October 20231 ISK = 0.0070 PAB
16 October 20231 ISK = 0.0070 PAB
17 October 20231 ISK = 0.0071 PAB
18 October 20231 ISK = 0.0071 PAB
19 October 20231 ISK = 0.0070 PAB
20 October 20231 ISK = 0.0071 PAB
23 October 20231 ISK = 0.0070 PAB
24 October 20231 ISK = 0.0071 PAB
25 October 20231 ISK = 0.0070 PAB
26 October 20231 ISK = 0.0070 PAB
27 October 20231 ISK = 0.0070 PAB
30 October 20231 ISK = 0.0070 PAB
31 October 20231 ISK = 0.0071 PAB

15/11/2018: New Currency Notes Introduced

Iceland released updated banknotes and coins featuring improved security measures and new designs, modernizing the Krona's physical appearance.

15/03/2015: Capital Controls Lifted

Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.

01/01/2011: Replacement of Paper Banknotes with Polymer Banknotes

Panama replaced the paper banknotes with polymer banknotes to enhance durability and security of the Balboa currency.

14/11/2010: IMF Loan Approved

Iceland secured a $2.1 billion loan from the International Monetary Fund, stabilizing the Krona and aiding economic recovery.

06/10/2008: Financial Crisis Begins

The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.

31/03/1983: Currency Control Law Implemented

Panama implemented a currency control law to regulate the use and circulation of the Balboa and prevent counterfeiting.

05/03/1981: Stock Exchange Established

The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.

15/10/1941: First Issue of Panamanian Balboa Banknotes

The first series of paper banknotes denominated in Balboa were issued by the Panamanian Currency Board.

01/10/1941: Introduction of the Balboa as Legal Tender

The Panamanian government introduced the Balboa as a legal tender, equivalent in value to the US dollar.

10/05/1940: Occupation of Iceland

Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.

01/01/1922: Currency Board Established

The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.

01/10/1908: Creation of Panamanian Currency Board

The Panamanian Currency Board was established to issue paper money and stabilize the monetary system.

01/01/1907: Use of US Dollar in Panama

The US dollar became the official currency of Panama due to the presence of American workers during the canal construction.

18/11/1904: Panama Canal Construction Begins

The construction of the Panama Canal started, which would later lead to the need for a national currency.