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

Moroccan dirham panamanian balboa history for September 2023. The highest quote for this month is 0.09921 (14/09/2023) and the lowest 0.09927 (14/09/2023). The difference between high and low is -0.06.

MAD PAB average rate for September 2023 is 0.09671, the change between 01/09/2023 and 30/09/2023 is +2.16 %.

01 September 2023	1 MAD = 0.0994 PAB
04 September 2023	1 MAD = 0.0986 PAB
05 September 2023	1 MAD = 0.0991 PAB
06 September 2023	1 MAD = 0.0991 PAB
07 September 2023	1 MAD = 0.0958 PAB
08 September 2023	1 MAD = 0.0961 PAB
11 September 2023	1 MAD = 0.0988 PAB
12 September 2023	1 MAD = 0.0989 PAB
13 September 2023	1 MAD = 0.0963 PAB
14 September 2023	1 MAD = 0.0964 PAB
15 September 2023	1 MAD = 0.0952 PAB
18 September 2023	1 MAD = 0.0982 PAB
19 September 2023	1 MAD = 0.0951 PAB
20 September 2023	1 MAD = 0.0952 PAB
21 September 2023	1 MAD = 0.0952 PAB
22 September 2023	1 MAD = 0.0951 PAB
23 September 2023	1 MAD = 0.0975 PAB
25 September 2023	1 MAD = 0.0977 PAB
26 September 2023	1 MAD = 0.0950 PAB
27 September 2023	1 MAD = 0.0951 PAB
28 September 2023	1 MAD = 0.0947 PAB
29 September 2023	1 MAD = 0.0947 PAB
30 September 2023	1 MAD = 0.0973 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