Historic Costa Rican colón Panamanian Balboa

Costa Rican colón panamanian balboa history for January 2024. The highest quote for this month is 0.001961 (29/01/2024) and the lowest 0.001961 (26/01/2024). The difference between high and low is 0.

CRC PAB average rate for January 2024 is 0.00194, the change between 01/01/2024 and 31/01/2024 is -1.35 %.

01 January 20241 CRC = 0.0019 PAB
02 January 20241 CRC = 0.0019 PAB
03 January 20241 CRC = 0.0019 PAB
04 January 20241 CRC = 0.0019 PAB
05 January 20241 CRC = 0.0019 PAB
06 January 20241 CRC = 0.0019 PAB
07 January 20241 CRC = 0.0019 PAB
08 January 20241 CRC = 0.0019 PAB
09 January 20241 CRC = 0.0019 PAB
10 January 20241 CRC = 0.0019 PAB
11 January 20241 CRC = 0.0019 PAB
12 January 20241 CRC = 0.0019 PAB
14 January 20241 CRC = 0.0019 PAB
15 January 20241 CRC = 0.0019 PAB
16 January 20241 CRC = 0.0019 PAB
17 January 20241 CRC = 0.0019 PAB
18 January 20241 CRC = 0.0019 PAB
19 January 20241 CRC = 0.0019 PAB
22 January 20241 CRC = 0.0019 PAB
23 January 20241 CRC = 0.0019 PAB
24 January 20241 CRC = 0.0020 PAB
25 January 20241 CRC = 0.0020 PAB
26 January 20241 CRC = 0.0020 PAB
28 January 20241 CRC = 0.0020 PAB
29 January 20241 CRC = 0.0020 PAB
30 January 20241 CRC = 0.0020 PAB
31 January 20241 CRC = 0.0020 PAB

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.

15/10/2006: New series of banknotes

Costa Rica introduced a new series of banknotes featuring enhanced security features to combat counterfeiting and modernize the colón currency.

21/05/1991: Free-floating exchange rate

Costa Rica transitioned to a floating exchange rate regime, allowing the colón's value to be determined by market forces.

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.

09/11/1961: Introduction of the Monetary Reform

Costa Rica implemented a monetary reform, replacing the old colón with a new one at a rate of 1 to 100, to combat inflation.

30/11/1949: Abolition of the army

After the abolition of the army, the Costa Rican government focused on economic development, leading to stable monetary policies for the colón.

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.

14/12/1917: Establishment of the Central Bank of Costa Rica

The Central Bank of Costa Rica was established to oversee monetary policy, including the management of the colón.

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.

09/04/1896: Adoption of the gold standard

Costa Rica adopted the gold standard, pegging the value of the colón to gold, leading to currency stability.

18/03/1850: Introduction of the Costa Rican colón

The Costa Rican colón was officially introduced as the currency of Costa Rica to replace the Spanish real.
CRC PAB July 2023
CRC PAB August 2023
CRC PAB September 2023
CRC PAB October 2023
CRC PAB November 2023
CRC PAB December 2023
CRC PAB January 2024
CRC PAB February 2024
CRC PAB March 2024
CRC PAB April 2024
CRC PAB May 2024
CRC PAB June 2024
CRC PAB July 2024