Indian Rupee panamanian balboa exchange rate history (INR PAB) October 2023

Indian Rupee panamanian balboa history for October 2023. The highest quote for this month is 0.012045 (01/10/2023) and the lowest 0.012047 (01/10/2023). The difference between high and low is -0.02.

INR PAB average rate for October 2023 is 0.01179, the change between 01/10/2023 and 31/10/2023 is +2.77 %.

01 October 2023	1 INR = 0.0120 PAB
02 October 2023	1 INR = 0.0118 PAB
03 October 2023	1 INR = 0.0117 PAB
04 October 2023	1 INR = 0.0117 PAB
05 October 2023	1 INR = 0.0117 PAB
06 October 2023	1 INR = 0.0117 PAB
07 October 2023	1 INR = 0.0120 PAB
09 October 2023	1 INR = 0.0117 PAB
10 October 2023	1 INR = 0.0117 PAB
11 October 2023	1 INR = 0.0117 PAB
12 October 2023	1 INR = 0.0117 PAB
13 October 2023	1 INR = 0.0117 PAB
16 October 2023	1 INR = 0.0117 PAB
17 October 2023	1 INR = 0.0117 PAB
18 October 2023	1 INR = 0.0117 PAB
19 October 2023	1 INR = 0.0117 PAB
20 October 2023	1 INR = 0.0117 PAB
21 October 2023	1 INR = 0.0120 PAB
22 October 2023	1 INR = 0.0120 PAB
23 October 2023	1 INR = 0.0117 PAB
24 October 2023	1 INR = 0.0118 PAB
25 October 2023	1 INR = 0.0118 PAB
26 October 2023	1 INR = 0.0117 PAB
27 October 2023	1 INR = 0.0117 PAB
28 October 2023	1 INR = 0.0120 PAB
29 October 2023	1 INR = 0.0120 PAB
30 October 2023	1 INR = 0.0117 PAB
31 October 2023	1 INR = 0.0117 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.

Historic Indian Rupee Panamanian Balboa