Historic Iranian Rial Panamanian Balboa

Iranian Rial panamanian balboa history for February 2024. The highest quote for this month is 0.000024 (03/02/2024) and the lowest 0.000024 (03/02/2024). The difference between high and low is 0.

IRR PAB average rate for February 2024 is 0.00002, the change between 01/02/2024 and 29/02/2024 is 0 %.

01 February 20241 IRR = 0.0000 PAB
02 February 20241 IRR = 0.0000 PAB
03 February 20241 IRR = 0.0000 PAB
04 February 20241 IRR = 0.0000 PAB
05 February 20241 IRR = 0.0000 PAB
06 February 20241 IRR = 0.0000 PAB
07 February 20241 IRR = 0.0000 PAB
08 February 20241 IRR = 0.0000 PAB
09 February 20241 IRR = 0.0000 PAB
12 February 20241 IRR = 0.0000 PAB
13 February 20241 IRR = 0.0000 PAB
14 February 20241 IRR = 0.0000 PAB
15 February 20241 IRR = 0.0000 PAB
16 February 20241 IRR = 0.0000 PAB
17 February 20241 IRR = 0.0000 PAB
18 February 20241 IRR = 0.0000 PAB
19 February 20241 IRR = 0.0000 PAB
20 February 20241 IRR = 0.0000 PAB
21 February 20241 IRR = 0.0000 PAB
22 February 20241 IRR = 0.0000 PAB
23 February 20241 IRR = 0.0000 PAB
24 February 20241 IRR = 0.0000 PAB
25 February 20241 IRR = 0.0000 PAB
26 February 20241 IRR = 0.0000 PAB
27 February 20241 IRR = 0.0000 PAB
28 February 20241 IRR = 0.0000 PAB
29 February 20241 IRR = 0.0000 PAB

23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial

The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.

10/04/2018: Revaluation of the Iranian Rial

Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.

24/09/2012: Imposition of International Sanctions on Iran

International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).

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.

24/05/1989: Introduction of the Two-Tier Exchange Rate System

Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.

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.

26/10/1975: Floating of the Iranian Rial

The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.

01/09/1957: Decimalization of the Iranian Rial

The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.

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.

01/04/1932: Introduction of the Iranian Rial

The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.

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