Historic Cuban peso Panamanian Balboa

Cuban peso panamanian balboa history for January 2024. The highest quote for this month is 0.041667 (06/01/2024) and the lowest 0.041667 (06/01/2024). The difference between high and low is 0.

CUP PAB average rate for January 2024 is 0.04099, the change between 01/01/2024 and 31/01/2024 is +0.04 %.

01 January 20241 CUP = 0.0408 PAB
02 January 20241 CUP = 0.0408 PAB
03 January 20241 CUP = 0.0408 PAB
04 January 20241 CUP = 0.0408 PAB
05 January 20241 CUP = 0.0408 PAB
06 January 20241 CUP = 0.0417 PAB
07 January 20241 CUP = 0.0417 PAB
08 January 20241 CUP = 0.0408 PAB
09 January 20241 CUP = 0.0408 PAB
10 January 20241 CUP = 0.0408 PAB
11 January 20241 CUP = 0.0408 PAB
12 January 20241 CUP = 0.0408 PAB
13 January 20241 CUP = 0.0417 PAB
14 January 20241 CUP = 0.0417 PAB
15 January 20241 CUP = 0.0408 PAB
16 January 20241 CUP = 0.0408 PAB
17 January 20241 CUP = 0.0408 PAB
18 January 20241 CUP = 0.0408 PAB
19 January 20241 CUP = 0.0408 PAB
20 January 20241 CUP = 0.0417 PAB
21 January 20241 CUP = 0.0417 PAB
22 January 20241 CUP = 0.0408 PAB
23 January 20241 CUP = 0.0408 PAB
24 January 20241 CUP = 0.0408 PAB
25 January 20241 CUP = 0.0408 PAB
26 January 20241 CUP = 0.0408 PAB
27 January 20241 CUP = 0.0417 PAB
28 January 20241 CUP = 0.0417 PAB
29 January 20241 CUP = 0.0408 PAB
30 January 20241 CUP = 0.0408 PAB
31 January 20241 CUP = 0.0408 PAB

01/01/2021: End of Monetary Dualism

The Cuban government completed the currency unification process, eliminating the convertible peso (CUC) and establishing a single currency system with the Cuban peso (CUP).

20/12/2013: Currency Unification Implementation

The Cuban government officially started the process of currency unification, gradually phasing out the convertible peso (CUC) and improving monetary policy.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

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.

08/12/2004: Elimination of US Dollar Circulation

The Cuban government announced the withdrawal of the US dollar as legal tender and introduced the convertible peso (CUC) as a replacement.

07/12/1994: Dollarization Decree

Cubans were allowed to hold and transact in foreign currencies, primarily the US dollar, to counter the economic crisis.

01/08/1994: Special Period

The Cuban economy faced a severe crisis due to the collapse of the Soviet Union, leading to currency devaluation and economic reforms.

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.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.

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.
CUP PAB January 2024
CUP PAB February 2024
CUP PAB March 2024
CUP PAB April 2024
CUP PAB May 2024
CUP PAB June 2024
CUP PAB July 2024
CUP PAB August 2024
CUP PAB September 2024
CUP PAB October 2024
CUP PAB November 2024
CUP PAB December 2024
CUP PAB January 2025