Historic Indian Rupee Panamanian Balboa

Indian Rupee panamanian balboa history for January 2024. The highest quote for this month is 0.01206 (13/01/2024) and the lowest 0.012072 (14/01/2024). The difference between high and low is -0.1.

INR PAB average rate for January 2024 is 0.01181, the change between 01/01/2024 and 31/01/2024 is +0.08 %.

01 January 20241 INR = 0.0118 PAB
02 January 20241 INR = 0.0118 PAB
03 January 20241 INR = 0.0117 PAB
04 January 20241 INR = 0.0117 PAB
05 January 20241 INR = 0.0117 PAB
06 January 20241 INR = 0.0120 PAB
07 January 20241 INR = 0.0120 PAB
08 January 20241 INR = 0.0117 PAB
09 January 20241 INR = 0.0118 PAB
10 January 20241 INR = 0.0118 PAB
11 January 20241 INR = 0.0118 PAB
12 January 20241 INR = 0.0118 PAB
13 January 20241 INR = 0.0121 PAB
14 January 20241 INR = 0.0121 PAB
15 January 20241 INR = 0.0118 PAB
16 January 20241 INR = 0.0118 PAB
17 January 20241 INR = 0.0118 PAB
18 January 20241 INR = 0.0117 PAB
19 January 20241 INR = 0.0117 PAB
22 January 20241 INR = 0.0117 PAB
23 January 20241 INR = 0.0118 PAB
24 January 20241 INR = 0.0117 PAB
25 January 20241 INR = 0.0118 PAB
26 January 20241 INR = 0.0118 PAB
28 January 20241 INR = 0.0120 PAB
29 January 20241 INR = 0.0118 PAB
30 January 20241 INR = 0.0117 PAB
31 January 20241 INR = 0.0118 PAB

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

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.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

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.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

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.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.
INR PAB July 2023
INR PAB August 2023
INR PAB September 2023
INR PAB October 2023
INR PAB November 2023
INR PAB December 2023
INR PAB January 2024
INR PAB February 2024
INR PAB March 2024
INR PAB April 2024
INR PAB May 2024
INR PAB June 2024
INR PAB July 2024