Historic Panamanian Balboa Pakistani rupee

Panamanian Balboa pakistani rupee history for December 2023. The highest quote for this month is 291.19 (01/12/2023) and the lowest 289.51 (06/12/2023). The difference between high and low is 0.58.

PAB PKR average rate for December 2023 is 287.04897, the change between 01/12/2023 and 31/12/2023 is +1.26 %.

01 December 20231 PAB = 290.2 PKR
02 December 20231 PAB = 284.8 PKR
03 December 20231 PAB = 284.8 PKR
04 December 20231 PAB = 286.7 PKR
05 December 20231 PAB = 290.8 PKR
06 December 20231 PAB = 291.0 PKR
07 December 20231 PAB = 289.8 PKR
08 December 20231 PAB = 290.2 PKR
09 December 20231 PAB = 284.2 PKR
10 December 20231 PAB = 283.7 PKR
11 December 20231 PAB = 289.0 PKR
12 December 20231 PAB = 290.0 PKR
13 December 20231 PAB = 288.9 PKR
14 December 20231 PAB = 290.0 PKR
15 December 20231 PAB = 289.7 PKR
16 December 20231 PAB = 283.1 PKR
17 December 20231 PAB = 283.1 PKR
18 December 20231 PAB = 284.9 PKR
19 December 20231 PAB = 284.8 PKR
20 December 20231 PAB = 289.9 PKR
21 December 20231 PAB = 289.3 PKR
22 December 20231 PAB = 289.3 PKR
23 December 20231 PAB = 282.8 PKR
24 December 20231 PAB = 282.5 PKR
25 December 20231 PAB = 284.0 PKR
26 December 20231 PAB = 284.0 PKR
27 December 20231 PAB = 288.0 PKR
28 December 20231 PAB = 288.5 PKR
29 December 20231 PAB = 286.5 PKR

16/07/2019: IMF Bailout Package

Pakistan reached an agreement with the IMF for a three-year, $6 billion bailout package to address its balance of payments crisis, affecting the value of the Pakistani rupee.

11/12/2013: IMF Loan Program

Pakistan signed a loan agreement with the International Monetary Fund (IMF) to stabilize its economy, resulting in devaluation of the Pakistani rupee.

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.

01/12/2008: Global Financial Crisis

The global financial crisis led to a depreciation of the Pakistani rupee against major international currencies due to economic instability.

28/05/1999: Introduction of State Bank of Pakistan

The State Bank of Pakistan was given full autonomous control over the monetary policy, which had a significant impact on the value of the Pakistani rupee.

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.

16/12/1971: Separation of East Pakistan

Following the separation of East Pakistan and the formation of Bangladesh, the Pakistani rupee underwent a major devaluation.

01/07/1955: Replacement of Indian Rupee

The Pakistani rupee replaced the Indian rupee as the official currency of Pakistan after the two countries separated.

17/08/1947: Independence of Pakistan

The Pakistani rupee was introduced as the official currency of Pakistan after the country gained independence from British rule.

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 PKR July 2023
PAB PKR August 2023
PAB PKR September 2023
PAB PKR October 2023
PAB PKR November 2023
PAB PKR December 2023
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PAB PKR June 2024
PAB PKR July 2024