Historic Georgian Lari Panamanian Balboa

Georgian Lari panamanian balboa history for January 2024. The highest quote for this month is 0.37536 (13/01/2024) and the lowest 0.37536 (13/01/2024). The difference between high and low is 0.

GEL PAB average rate for January 2024 is 0.36746, the change between 01/01/2024 and 31/01/2024 is -0.01 %.

01 January 20241 GEL = 0.3655 PAB
02 January 20241 GEL = 0.3658 PAB
03 January 20241 GEL = 0.3648 PAB
04 January 20241 GEL = 0.3644 PAB
05 January 20241 GEL = 0.3650 PAB
06 January 20241 GEL = 0.3736 PAB
08 January 20241 GEL = 0.3641 PAB
09 January 20241 GEL = 0.3647 PAB
10 January 20241 GEL = 0.3648 PAB
11 January 20241 GEL = 0.3649 PAB
12 January 20241 GEL = 0.3657 PAB
13 January 20241 GEL = 0.3754 PAB
15 January 20241 GEL = 0.3663 PAB
16 January 20241 GEL = 0.3686 PAB
17 January 20241 GEL = 0.3696 PAB
18 January 20241 GEL = 0.3688 PAB
19 January 20241 GEL = 0.3690 PAB
22 January 20241 GEL = 0.3687 PAB
23 January 20241 GEL = 0.3688 PAB
24 January 20241 GEL = 0.3680 PAB
25 January 20241 GEL = 0.3674 PAB
26 January 20241 GEL = 0.3665 PAB
27 January 20241 GEL = 0.3752 PAB
29 January 20241 GEL = 0.3669 PAB
30 January 20241 GEL = 0.3661 PAB
31 January 20241 GEL = 0.3655 PAB

13/03/2020: COVID-19 Impact

The outbreak of the COVID-19 pandemic caused global economic uncertainty, leading to a decline in the value of the Georgian Lari and affecting the country's financial stability.

25/01/2016: Currency Restructuring

The National Bank of Georgia implemented currency restructuring measures to stabilize the value of the Lari and restore confidence in the national currency.

10/03/2011: Lari Depreciation

The Georgian Lari experienced a sharp depreciation, reaching a record low against the U.S. dollar, due to various economic factors and a global financial crisis.

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.

13/08/2008: Russian Invasion

During the Russo-Georgian War, the Georgian Lari faced significant devaluation due to the economic and political instability caused by the invasion.

01/01/2002: Euro Conversion Rate

The conversion rate of 1 Euro = 1936.27 GEL was fixed, as Georgia adopted the Euro as its main reference currency.

27/04/1999: Introduction of New Lari

The New Lari was introduced as the second and current official currency of Georgia, replacing the old Lari at a rate of 1 New Lari = 1,000 old Lari.

25/07/1995: Introduction of the Lari

The Georgian Lari was introduced as the official currency of Georgia, replacing the Russian ruble at a rate of 1 Lari = 1 million rubles.

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.

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.
GEL PAB January 2024
GEL PAB February 2024
GEL PAB March 2024
GEL PAB April 2024
GEL PAB May 2024
GEL PAB June 2024
GEL PAB July 2024
GEL PAB August 2024
GEL PAB September 2024
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GEL PAB December 2024
GEL PAB January 2025