Historic Jamaican Dollar Panamanian Balboa

Jamaican Dollar panamanian balboa history for February 2024. The highest quote for this month is 0.006449 (04/02/2024) and the lowest 0.006494 (24/02/2024). The difference between high and low is -0.7.

JMD PAB average rate for February 2024 is 0.00635, the change between 01/02/2024 and 29/02/2024 is +0.41 %.

01 February 20241 JMD = 0.0063 PAB
02 February 20241 JMD = 0.0063 PAB
03 February 20241 JMD = 0.0064 PAB
04 February 20241 JMD = 0.0065 PAB
05 February 20241 JMD = 0.0063 PAB
06 February 20241 JMD = 0.0063 PAB
07 February 20241 JMD = 0.0063 PAB
08 February 20241 JMD = 0.0063 PAB
09 February 20241 JMD = 0.0064 PAB
12 February 20241 JMD = 0.0063 PAB
13 February 20241 JMD = 0.0063 PAB
14 February 20241 JMD = 0.0063 PAB
15 February 20241 JMD = 0.0063 PAB
16 February 20241 JMD = 0.0063 PAB
17 February 20241 JMD = 0.0064 PAB
18 February 20241 JMD = 0.0064 PAB
19 February 20241 JMD = 0.0063 PAB
20 February 20241 JMD = 0.0063 PAB
21 February 20241 JMD = 0.0063 PAB
22 February 20241 JMD = 0.0063 PAB
23 February 20241 JMD = 0.0063 PAB
24 February 20241 JMD = 0.0065 PAB
25 February 20241 JMD = 0.0064 PAB
26 February 20241 JMD = 0.0063 PAB
27 February 20241 JMD = 0.0063 PAB
28 February 20241 JMD = 0.0063 PAB
29 February 20241 JMD = 0.0063 PAB

16/03/2015: Bank of Jamaica Act

The Bank of Jamaica Act was passed, granting the central bank greater autonomy in executing monetary policy and promoting financial stability.

12/02/2013: Currency devaluation

To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.

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.

28/11/2010: IMF agreement

Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.

30/04/1994: Foreign exchange liberalization

Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.

25/03/1991: JMD devaluation

Due to economic pressures, the Jamaican Dollar was devalued by 33.3%, leading to an increase in the exchange rate.

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.

05/08/1971: Currency decimalization

Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.

07/02/1969: Jamaican Dollar introduced

The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.

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.
JMD PAB January 2024
JMD PAB February 2024
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JMD PAB April 2024
JMD PAB May 2024
JMD PAB June 2024
JMD PAB July 2024
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JMD PAB January 2025