Historic Panamanian Balboa Djiboutian franc

Panamanian Balboa djiboutian franc history for January 2024. The highest quote for this month is 181.97 (08/01/2024) and the lowest 178.13 (27/01/2024). The difference between high and low is 2.11.

PAB DJF average rate for January 2024 is 180.36964, the change between 01/01/2024 and 31/01/2024 is -2.2 %.

01 January 20241 PAB = 178.0 DJF
02 January 20241 PAB = 181.3 DJF
03 January 20241 PAB = 181.8 DJF
04 January 20241 PAB = 182.0 DJF
05 January 20241 PAB = 181.9 DJF
06 January 20241 PAB = 178.3 DJF
07 January 20241 PAB = 177.7 DJF
08 January 20241 PAB = 178.0 DJF
09 January 20241 PAB = 182.0 DJF
10 January 20241 PAB = 181.9 DJF
11 January 20241 PAB = 181.9 DJF
12 January 20241 PAB = 181.8 DJF
14 January 20241 PAB = 177.9 DJF
15 January 20241 PAB = 178.0 DJF
16 January 20241 PAB = 182.1 DJF
17 January 20241 PAB = 178.0 DJF
18 January 20241 PAB = 181.9 DJF
19 January 20241 PAB = 181.9 DJF
22 January 20241 PAB = 178.0 DJF
23 January 20241 PAB = 182.0 DJF
24 January 20241 PAB = 182.0 DJF
25 January 20241 PAB = 181.9 DJF
26 January 20241 PAB = 181.8 DJF
27 January 20241 PAB = 178.1 DJF
28 January 20241 PAB = 178.1 DJF
29 January 20241 PAB = 178.0 DJF
30 January 20241 PAB = 182.0 DJF
31 January 20241 PAB = 181.9 DJF

04/06/2020: Exchange rate stabilization

Efforts were made to stabilize the exchange rate of the Djiboutian franc to reduce inflation and encourage economic growth.

01/09/2013: Replacement of coins with bi-metallic coins

Coins of lower denominations of the Djiboutian franc were replaced with bi-metallic coins.

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.

01/01/2002: Introduction of new banknotes

New banknotes of the Djiboutian franc were introduced with enhanced security features.

15/09/1997: Second devaluation

The Djiboutian franc was devalued by 33% as a result of economic instability and high inflation.

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.

08/05/1977: First devaluation

The Djiboutian franc was devalued by 50% due to economic difficulties faced by the newly independent country.

27/06/1973: Independence from France

Djibouti gained independence from France and the Djiboutian franc became the national currency.

01/01/1949: Introduction of the Djiboutian franc

The Djiboutian franc was introduced as the official currency of French Somaliland, replacing the French franc at a 1:1 exchange rate.

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.
PAB DJF August 2023
PAB DJF September 2023
PAB DJF October 2023
PAB DJF November 2023
PAB DJF December 2023
PAB DJF January 2024
PAB DJF February 2024
PAB DJF March 2024
PAB DJF April 2024
PAB DJF May 2024
PAB DJF June 2024
PAB DJF July 2024
PAB DJF August 2024