Moroccan dirham panamanian balboa exchange rate history (MAD PAB) August 2023

Moroccan dirham panamanian balboa history for August 2023. The highest quote for this month is 0.10381 (09/08/2023) and the lowest 0.1041 (09/08/2023). The difference between high and low is -0.28.

MAD PAB average rate for August 2023 is 0.10037, the change between 01/08/2023 and 31/08/2023 is -0.51 %.

01 August 2023	1 MAD = 0.0993 PAB
02 August 2023	1 MAD = 0.0991 PAB
03 August 2023	1 MAD = 0.1019 PAB
04 August 2023	1 MAD = 0.0995 PAB
07 August 2023	1 MAD = 0.1037 PAB
08 August 2023	1 MAD = 0.1026 PAB
09 August 2023	1 MAD = 0.1041 PAB
10 August 2023	1 MAD = 0.1038 PAB
11 August 2023	1 MAD = 0.1032 PAB
12 August 2023	1 MAD = 0.1013 PAB
14 August 2023	1 MAD = 0.1033 PAB
15 August 2023	1 MAD = 0.0992 PAB
16 August 2023	1 MAD = 0.0990 PAB
17 August 2023	1 MAD = 0.0987 PAB
18 August 2023	1 MAD = 0.0985 PAB
20 August 2023	1 MAD = 0.1002 PAB
21 August 2023	1 MAD = 0.1024 PAB
22 August 2023	1 MAD = 0.0980 PAB
23 August 2023	1 MAD = 0.0978 PAB
24 August 2023	1 MAD = 0.0978 PAB
25 August 2023	1 MAD = 0.0973 PAB
28 August 2023	1 MAD = 0.1006 PAB
29 August 2023	1 MAD = 0.0991 PAB
30 August 2023	1 MAD = 0.0994 PAB
31 August 2023	1 MAD = 0.0998 PAB

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

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.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

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.

01/10/1908: 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 Moroccan dirham Panamanian Balboa