Historic Cape Verdean escudo Panamanian Balboa

Cape Verdean escudo panamanian balboa history for February 2024. The highest quote for this month is 0.009823 (24/02/2024) and the lowest 0.009823 (24/02/2024). The difference between high and low is 0.

CVE PAB average rate for February 2024 is 0.00961, the change between 01/02/2024 and 29/02/2024 is +0.27 %.

01 February 20241 CVE = 0.0096 PAB
02 February 20241 CVE = 0.0096 PAB
03 February 20241 CVE = 0.0098 PAB
04 February 20241 CVE = 0.0098 PAB
05 February 20241 CVE = 0.0096 PAB
06 February 20241 CVE = 0.0095 PAB
07 February 20241 CVE = 0.0095 PAB
08 February 20241 CVE = 0.0095 PAB
09 February 20241 CVE = 0.0095 PAB
12 February 20241 CVE = 0.0095 PAB
13 February 20241 CVE = 0.0095 PAB
14 February 20241 CVE = 0.0095 PAB
15 February 20241 CVE = 0.0095 PAB
16 February 20241 CVE = 0.0095 PAB
17 February 20241 CVE = 0.0098 PAB
18 February 20241 CVE = 0.0098 PAB
19 February 20241 CVE = 0.0095 PAB
20 February 20241 CVE = 0.0095 PAB
21 February 20241 CVE = 0.0096 PAB
22 February 20241 CVE = 0.0096 PAB
23 February 20241 CVE = 0.0096 PAB
24 February 20241 CVE = 0.0098 PAB
25 February 20241 CVE = 0.0098 PAB
26 February 20241 CVE = 0.0096 PAB
27 February 20241 CVE = 0.0096 PAB
28 February 20241 CVE = 0.0096 PAB
29 February 20241 CVE = 0.0096 PAB

04/05/2020: COVID-19 impact on currency

The outbreak of COVID-19 and its economic consequences led to a depreciation of the Cape Verdean escudo against major international currencies due to reduced tourism and economic activity.

30/09/2017: New escudo banknotes issued

Cape Verde introduced a new series of banknotes for the escudo, featuring enhanced security features, updated designs, and improved durability.

31/12/2014: End of the peg to the euro

Cape Verde decided to abandon the peg to the euro, shifting to a managed float exchange rate system to allow the currency to fluctuate based on market forces.

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.

01/01/2005: Decimalization of the escudo

The Cape Verdean escudo underwent a decimalization process, with the subdivision of 1 escudo into 100 centavos.

01/01/1998: Currency pegged to the euro

The Cape Verdean escudo was pegged to the euro at a fixed exchange rate of 1 euro = 110.265 CVE, ensuring stability and facilitating trade.

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.

17/11/1977: Introduction of the new escudo

A new version of the Cape Verdean escudo was introduced, replacing the previous version with a new design and updated security features.

05/07/1975: Independence of Cape Verde

The Cape Verdean escudo (CVE) was officially adopted as the currency of Cape Verde upon gaining independence from Portugal.

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.
CVE PAB January 2024
CVE PAB February 2024
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CVE PAB January 2025