Lebanese pound panamanian balboa exchange rate history (LBP PAB) December 2023

Lebanese pound panamanian balboa history for December 2023. The highest quote for this month is 0.000067 (02/12/2023) and the lowest 0.000067 (02/12/2023). The difference between high and low is 0.

LBP PAB average rate for December 2023 is 0.00007, the change between 01/12/2023 and 31/12/2023 is 0 %.

01 December 2023	1 LBP = 0.0001 PAB
02 December 2023	1 LBP = 0.0001 PAB
03 December 2023	1 LBP = 0.0001 PAB
04 December 2023	1 LBP = 0.0001 PAB
05 December 2023	1 LBP = 0.0001 PAB
06 December 2023	1 LBP = 0.0001 PAB
07 December 2023	1 LBP = 0.0001 PAB
08 December 2023	1 LBP = 0.0001 PAB
10 December 2023	1 LBP = 0.0001 PAB
11 December 2023	1 LBP = 0.0001 PAB
12 December 2023	1 LBP = 0.0001 PAB
13 December 2023	1 LBP = 0.0001 PAB
14 December 2023	1 LBP = 0.0001 PAB
15 December 2023	1 LBP = 0.0001 PAB
16 December 2023	1 LBP = 0.0001 PAB
17 December 2023	1 LBP = 0.0001 PAB
18 December 2023	1 LBP = 0.0001 PAB
19 December 2023	1 LBP = 0.0001 PAB
20 December 2023	1 LBP = 0.0001 PAB
21 December 2023	1 LBP = 0.0001 PAB
22 December 2023	1 LBP = 0.0001 PAB
23 December 2023	1 LBP = 0.0001 PAB
24 December 2023	1 LBP = 0.0001 PAB
25 December 2023	1 LBP = 0.0001 PAB
26 December 2023	1 LBP = 0.0001 PAB
27 December 2023	1 LBP = 0.0001 PAB
28 December 2023	1 LBP = 0.0001 PAB
29 December 2023	1 LBP = 0.0001 PAB

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

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.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

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.

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

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.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.

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 Lebanese pound Panamanian Balboa