Historic Panamanian Balboa Chilean Peso

Panamanian Balboa chilean peso history for November 2023. The highest quote for this month is 944.72 (14/11/2023) and the lowest 935.49 (13/11/2023). The difference between high and low is 0.98.

PAB CLP average rate for November 2023 is 901.99444, the change between 01/11/2023 and 30/11/2023 is +3.01 %.

01 November 20231 PAB = 917.2 CLP
02 November 20231 PAB = 917.2 CLP
03 November 20231 PAB = 909.4 CLP
06 November 20231 PAB = 897.9 CLP
07 November 20231 PAB = 902.2 CLP
08 November 20231 PAB = 907.8 CLP
09 November 20231 PAB = 919.2 CLP
10 November 20231 PAB = 932.6 CLP
11 November 20231 PAB = 911.5 CLP
12 November 20231 PAB = 911.5 CLP
13 November 20231 PAB = 926.6 CLP
14 November 20231 PAB = 943.7 CLP
15 November 20231 PAB = 912.5 CLP
16 November 20231 PAB = 907.3 CLP
17 November 20231 PAB = 901.1 CLP
18 November 20231 PAB = 882.1 CLP
19 November 20231 PAB = 882.1 CLP
20 November 20231 PAB = 884.7 CLP
21 November 20231 PAB = 898.7 CLP
22 November 20231 PAB = 890.2 CLP
23 November 20231 PAB = 892.0 CLP
24 November 20231 PAB = 892.8 CLP
26 November 20231 PAB = 867.0 CLP
27 November 20231 PAB = 878.1 CLP
28 November 20231 PAB = 890.9 CLP
29 November 20231 PAB = 888.0 CLP
30 November 20231 PAB = 889.6 CLP

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.

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.

29/09/1977: Decimals Introduced

Chile replaced the escudo with the decimal centavo as the subunit of the peso, simplifying its monetary system.

29/09/1975: Floating Exchange Rate

Chile moved from a fixed to a floating exchange rate system, allowing the peso to be determined by market forces.

02/01/1958: Introduction of Escudo as Subunit

The subunit of 1/100 peso, called the escudo, was introduced to facilitate smaller transactions in Chile.

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.

31/12/1925: Creation of the Central Bank of Chile

The Central Bank of Chile was established, gaining authority over the country's currency issuance and monetary policy.

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.

25/06/1895: Gold Standard Adoption

Chile adopted the gold standard, tying the value of the Chilean Peso to the price of gold and stabilizing its currency.

15/06/1851: First Peso Coinage

The first official peso coins were introduced by the Chilean government, replacing the Spanish colonial currency.

12/02/1817: Chilean Independence

Chile gained independence from Spain, leading to the establishment of the Chilean Peso as its official currency.
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