Historic Panamanian Balboa Rwandan franc

Panamanian Balboa rwandan franc history for October 2023. The highest quote for this month is 1257.34 (31/10/2023) and the lowest 1249.1 (25/10/2023). The difference between high and low is 0.66.

PAB RWF average rate for October 2023 is 1233.68111, the change between 01/10/2023 and 31/10/2023 is -3.7 %.

01 October 20231 PAB = 1202.88 RWF
02 October 20231 PAB = 1236.03 RWF
03 October 20231 PAB = 1232.51 RWF
04 October 20231 PAB = 1234.01 RWF
05 October 20231 PAB = 1237.58 RWF
06 October 20231 PAB = 1228.94 RWF
07 October 20231 PAB = 1209.04 RWF
09 October 20231 PAB = 1232.22 RWF
10 October 20231 PAB = 1250.44 RWF
11 October 20231 PAB = 1238.62 RWF
12 October 20231 PAB = 1233.92 RWF
13 October 20231 PAB = 1239.05 RWF
16 October 20231 PAB = 1234.13 RWF
17 October 20231 PAB = 1239.99 RWF
18 October 20231 PAB = 1240.95 RWF
19 October 20231 PAB = 1235.30 RWF
20 October 20231 PAB = 1241.87 RWF
21 October 20231 PAB = 1213.83 RWF
22 October 20231 PAB = 1213.83 RWF
23 October 20231 PAB = 1236.48 RWF
24 October 20231 PAB = 1242.70 RWF
25 October 20231 PAB = 1244.20 RWF
26 October 20231 PAB = 1243.24 RWF
27 October 20231 PAB = 1243.25 RWF
29 October 20231 PAB = 1216.92 RWF
30 October 20231 PAB = 1240.05 RWF
31 October 20231 PAB = 1247.41 RWF

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

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.

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

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.

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.

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 RWF July 2023
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