Historic Mongolian Tugrik Panamanian Balboa

Mongolian Tugrik panamanian balboa history for January 2024. The highest quote for this month is 0.000294 (28/01/2024) and the lowest 0.000294 (28/01/2024). The difference between high and low is 0.

MNT PAB average rate for January 2024 is 0.00029, the change between 01/01/2024 and 31/01/2024 is 0 %.

01 January 20241 MNT = 0.0003 PAB
02 January 20241 MNT = 0.0003 PAB
03 January 20241 MNT = 0.0003 PAB
04 January 20241 MNT = 0.0003 PAB
05 January 20241 MNT = 0.0003 PAB
06 January 20241 MNT = 0.0003 PAB
07 January 20241 MNT = 0.0003 PAB
08 January 20241 MNT = 0.0003 PAB
09 January 20241 MNT = 0.0003 PAB
10 January 20241 MNT = 0.0003 PAB
11 January 20241 MNT = 0.0003 PAB
12 January 20241 MNT = 0.0003 PAB
14 January 20241 MNT = 0.0003 PAB
15 January 20241 MNT = 0.0003 PAB
16 January 20241 MNT = 0.0003 PAB
17 January 20241 MNT = 0.0003 PAB
18 January 20241 MNT = 0.0003 PAB
19 January 20241 MNT = 0.0003 PAB
22 January 20241 MNT = 0.0003 PAB
23 January 20241 MNT = 0.0003 PAB
24 January 20241 MNT = 0.0003 PAB
25 January 20241 MNT = 0.0003 PAB
26 January 20241 MNT = 0.0003 PAB
28 January 20241 MNT = 0.0003 PAB
29 January 20241 MNT = 0.0003 PAB
30 January 20241 MNT = 0.0003 PAB
31 January 20241 MNT = 0.0003 PAB

01/01/2017: Floating Exchange Rate Regime

Mongolia adopts a fully floating exchange rate regime for the Tugrik, allowing the currency's value to be determined by market forces without intervention from the central bank.

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.

26/06/2009: Currency Redenomination

Mongolia redenominates its currency, replacing the old Tugrik banknotes with new ones at a ratio of 1 to 1000, in an effort to simplify transactions and reduce inflation.

06/03/1993: Mongolia Joins IMF

Mongolia becomes a member of the International Monetary Fund (IMF), influencing monetary policies and further shaping the development of the Tugrik currency.

01/07/1992: Tugrik Exchange Rate Liberalization

Mongolia liberalizes the exchange rate of the Tugrik, allowing it to fluctuate based on market forces and paving the way for a more flexible currency system.

21/12/1991: Transition to Market Economy

Mongolia undergoes a transition from a centrally planned economy to a market economy, leading to major changes in the Tugrik currency system.

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.

04/07/1946: Mongolian People's Bank Established

The Mongolian People's Bank is established as the central bank of Mongolia, responsible for issuing and managing the Tugrik currency.

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.

01/12/1925: Introduction of the Tugrik Currency

Mongolia officially introduces the Tugrik as its national currency, replacing the previous currency system.

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