Iranian Rial panamanian balboa exchange rate history (IRR PAB) December 2023

Iranian Rial panamanian balboa history for December 2023. The highest quote for this month is 0.000024 (02/12/2023) and the lowest 0.000024 (02/12/2023). The difference between high and low is 0.

IRR PAB average rate for December 2023 is 0.00002, the change between 01/12/2023 and 31/12/2023 is 0 %.

01 December 2023	1 IRR = 0.0000 PAB
02 December 2023	1 IRR = 0.0000 PAB
03 December 2023	1 IRR = 0.0000 PAB
04 December 2023	1 IRR = 0.0000 PAB
05 December 2023	1 IRR = 0.0000 PAB
06 December 2023	1 IRR = 0.0000 PAB
07 December 2023	1 IRR = 0.0000 PAB
08 December 2023	1 IRR = 0.0000 PAB
10 December 2023	1 IRR = 0.0000 PAB
11 December 2023	1 IRR = 0.0000 PAB
12 December 2023	1 IRR = 0.0000 PAB
13 December 2023	1 IRR = 0.0000 PAB
14 December 2023	1 IRR = 0.0000 PAB
15 December 2023	1 IRR = 0.0000 PAB
16 December 2023	1 IRR = 0.0000 PAB
17 December 2023	1 IRR = 0.0000 PAB
18 December 2023	1 IRR = 0.0000 PAB
19 December 2023	1 IRR = 0.0000 PAB
20 December 2023	1 IRR = 0.0000 PAB
21 December 2023	1 IRR = 0.0000 PAB
22 December 2023	1 IRR = 0.0000 PAB
23 December 2023	1 IRR = 0.0000 PAB
24 December 2023	1 IRR = 0.0000 PAB
25 December 2023	1 IRR = 0.0000 PAB
26 December 2023	1 IRR = 0.0000 PAB
27 December 2023	1 IRR = 0.0000 PAB
28 December 2023	1 IRR = 0.0000 PAB
29 December 2023	1 IRR = 0.0000 PAB

23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial

The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.

10/04/2018: Revaluation of the Iranian Rial

Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.

24/09/2012: Imposition of International Sanctions on Iran

International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).

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.

24/05/1989: Introduction of the Two-Tier Exchange Rate System

Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.

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.

26/10/1975: Floating of the Iranian Rial

The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.

01/09/1957: Decimalization of the Iranian Rial

The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.

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.

01/04/1932: Introduction of the Iranian Rial

The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.

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.

Historic Iranian Rial Panamanian Balboa