Historic Panamanian Balboa Pakistani rupee

Panamanian Balboa pakistani rupee history for January 2024. The highest quote for this month is 287.98 (02/01/2024) and the lowest 286.84 (04/01/2024). The difference between high and low is 0.4.

PAB PKR average rate for January 2024 is 284.81821, the change between 01/01/2024 and 31/01/2024 is -0.87 %.

01 January 20241 PAB = 283.2 PKR
02 January 20241 PAB = 283.2 PKR
03 January 20241 PAB = 288.0 PKR
04 January 20241 PAB = 288.3 PKR
05 January 20241 PAB = 287.9 PKR
06 January 20241 PAB = 281.6 PKR
07 January 20241 PAB = 281.5 PKR
08 January 20241 PAB = 283.0 PKR
09 January 20241 PAB = 287.6 PKR
10 January 20241 PAB = 286.4 PKR
11 January 20241 PAB = 287.6 PKR
12 January 20241 PAB = 286.2 PKR
13 January 20241 PAB = 281.2 PKR
14 January 20241 PAB = 280.3 PKR
15 January 20241 PAB = 282.2 PKR
16 January 20241 PAB = 285.3 PKR
17 January 20241 PAB = 285.3 PKR
18 January 20241 PAB = 285.8 PKR
19 January 20241 PAB = 285.8 PKR
22 January 20241 PAB = 285.0 PKR
23 January 20241 PAB = 285.9 PKR
24 January 20241 PAB = 286.2 PKR
25 January 20241 PAB = 286.1 PKR
26 January 20241 PAB = 285.7 PKR
28 January 20241 PAB = 279.6 PKR
29 January 20241 PAB = 284.6 PKR
30 January 20241 PAB = 285.8 PKR
31 January 20241 PAB = 285.6 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
PAB PKR January 2024
PAB PKR February 2024
PAB PKR March 2024
PAB PKR April 2024
PAB PKR May 2024
PAB PKR June 2024
PAB PKR July 2024