Historic Kazakhstani tenge Panamanian Balboa

Kazakhstani tenge panamanian balboa history for February 2024. The highest quote for this month is 0.002226 (24/02/2024) and the lowest 0.002228 (03/02/2024). The difference between high and low is -0.09.

KZT PAB average rate for February 2024 is 0.00219, the change between 01/02/2024 and 29/02/2024 is +0.09 %.

01 February 20241 KZT = 0.0022 PAB
02 February 20241 KZT = 0.0022 PAB
03 February 20241 KZT = 0.0022 PAB
04 February 20241 KZT = 0.0022 PAB
05 February 20241 KZT = 0.0022 PAB
06 February 20241 KZT = 0.0022 PAB
07 February 20241 KZT = 0.0022 PAB
08 February 20241 KZT = 0.0022 PAB
09 February 20241 KZT = 0.0022 PAB
12 February 20241 KZT = 0.0022 PAB
13 February 20241 KZT = 0.0022 PAB
14 February 20241 KZT = 0.0022 PAB
15 February 20241 KZT = 0.0022 PAB
16 February 20241 KZT = 0.0022 PAB
17 February 20241 KZT = 0.0022 PAB
18 February 20241 KZT = 0.0022 PAB
19 February 20241 KZT = 0.0022 PAB
20 February 20241 KZT = 0.0022 PAB
21 February 20241 KZT = 0.0022 PAB
22 February 20241 KZT = 0.0022 PAB
23 February 20241 KZT = 0.0022 PAB
24 February 20241 KZT = 0.0022 PAB
25 February 20241 KZT = 0.0022 PAB
26 February 20241 KZT = 0.0022 PAB
27 February 20241 KZT = 0.0022 PAB
28 February 20241 KZT = 0.0022 PAB
29 February 20241 KZT = 0.0022 PAB

13/12/2021: Introduction of New Banknotes and Coins

New banknotes and coins were introduced, featuring updated designs, improved security features, and denominations. This aims to enhance the efficiency of cash transactions.

03/04/2017: Transition to Free Float

After gradually reducing interventions, Kazakhstan fully transitioned to a free float exchange rate for the tenge, allowing the market to determine its value.

20/08/2015: Tenge Devaluation

Kazakhstan devalued the tenge by around 30% due to falling oil prices and economic instability. This move aimed to boost exports and protect the economy.

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.

19/04/2004: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs were introduced to combat counterfeiting and modernize the currency.

04/10/1999: Floating Exchange Rate

Kazakhstan switched to a floating exchange rate regime, allowing the tenge to fluctuate freely based on market supply and demand.

15/02/1994: Denomination of Tenge

The tenge underwent a 10,000-fold denomination, where 1 new tenge was equal to 10,000 old tenge. This was done to simplify currency handling and eliminate excessive zeros.

15/11/1993: Introduction of Kazakhstani Tenge

The Kazakhstani tenge was introduced as the new currency of Kazakhstan, replacing the Soviet ruble. The exchange rate was set at 1 tenge = 500 rubles.

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.

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.
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