Jamaican Dollar panamanian balboa exchange rate history (JMD PAB) October 2023

Jamaican Dollar panamanian balboa history for October 2023. The highest quote for this month is 0.006579 (28/10/2023) and the lowest 0.006579 (28/10/2023). The difference between high and low is 0.

JMD PAB average rate for October 2023 is 0.0064, the change between 01/10/2023 and 31/10/2023 is +1.57 %.

01 October 2023	1 JMD = 0.0065 PAB
02 October 2023	1 JMD = 0.0064 PAB
03 October 2023	1 JMD = 0.0064 PAB
04 October 2023	1 JMD = 0.0064 PAB
05 October 2023	1 JMD = 0.0064 PAB
06 October 2023	1 JMD = 0.0063 PAB
07 October 2023	1 JMD = 0.0065 PAB
09 October 2023	1 JMD = 0.0064 PAB
10 October 2023	1 JMD = 0.0064 PAB
11 October 2023	1 JMD = 0.0064 PAB
12 October 2023	1 JMD = 0.0064 PAB
13 October 2023	1 JMD = 0.0064 PAB
16 October 2023	1 JMD = 0.0064 PAB
17 October 2023	1 JMD = 0.0063 PAB
18 October 2023	1 JMD = 0.0063 PAB
19 October 2023	1 JMD = 0.0063 PAB
20 October 2023	1 JMD = 0.0063 PAB
21 October 2023	1 JMD = 0.0065 PAB
22 October 2023	1 JMD = 0.0065 PAB
23 October 2023	1 JMD = 0.0064 PAB
24 October 2023	1 JMD = 0.0064 PAB
25 October 2023	1 JMD = 0.0064 PAB
26 October 2023	1 JMD = 0.0064 PAB
27 October 2023	1 JMD = 0.0064 PAB
28 October 2023	1 JMD = 0.0066 PAB
29 October 2023	1 JMD = 0.0066 PAB
30 October 2023	1 JMD = 0.0064 PAB
31 October 2023	1 JMD = 0.0064 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.

Historic Jamaican Dollar Panamanian Balboa