Norwegian krone panamanian balboa exchange rate history (NOK PAB) November 2023

Norwegian krone panamanian balboa history for November 2023. The highest quote for this month is 0.09341 (25/11/2023) and the lowest 0.09341 (25/11/2023). The difference between high and low is 0.

NOK PAB average rate for November 2023 is 0.08988, the change between 01/11/2023 and 30/11/2023 is -4.87 %.

01 November 2023	1 NOK = 0.0875 PAB
02 November 2023	1 NOK = 0.0876 PAB
03 November 2023	1 NOK = 0.0874 PAB
06 November 2023	1 NOK = 0.0879 PAB
07 November 2023	1 NOK = 0.0884 PAB
08 November 2023	1 NOK = 0.0872 PAB
09 November 2023	1 NOK = 0.0875 PAB
10 November 2023	1 NOK = 0.0871 PAB
11 November 2023	1 NOK = 0.0900 PAB
12 November 2023	1 NOK = 0.0900 PAB
13 November 2023	1 NOK = 0.0877 PAB
14 November 2023	1 NOK = 0.0883 PAB
15 November 2023	1 NOK = 0.0898 PAB
16 November 2023	1 NOK = 0.0905 PAB
17 November 2023	1 NOK = 0.0894 PAB
19 November 2023	1 NOK = 0.0926 PAB
20 November 2023	1 NOK = 0.0899 PAB
21 November 2023	1 NOK = 0.0913 PAB
22 November 2023	1 NOK = 0.0917 PAB
23 November 2023	1 NOK = 0.0908 PAB
24 November 2023	1 NOK = 0.0908 PAB
25 November 2023	1 NOK = 0.0934 PAB
26 November 2023	1 NOK = 0.0934 PAB
27 November 2023	1 NOK = 0.0910 PAB
28 November 2023	1 NOK = 0.0919 PAB
29 November 2023	1 NOK = 0.0921 PAB
30 November 2023	1 NOK = 0.0917 PAB

30/10/2016: Withdrawal of the 1000-krone banknote

The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.

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.

01/01/1999: Creation of the euro

Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.

19/11/1992: Norway rejects European Union membership

In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.

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.

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.

22/10/1931: Devaluation of the krone

To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.

01/11/1920: Krone's return to the gold standard

Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.

02/08/1914: Suspension of krone's gold standard

Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.

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.

27/10/1875: The introduction of the krone currency

The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.

Historic Norwegian krone Panamanian Balboa