Panamanian Balboa azerbaijani manat exchange rate history (PAB AZN) February 2024

Panamanian Balboa azerbaijani manat history for February 2024. The highest quote for this month is 1.7407 (15/02/2024) and the lowest 1.7498 (02/02/2024). The difference between high and low is -0.52.

PAB AZN average rate for February 2024 is 1.73935, the change between 01/02/2024 and 29/02/2024 is -0.03 %.

01 February 2024	1 PAB = 1.743 AZN
02 February 2024	1 PAB = 1.740 AZN
05 February 2024	1 PAB = 1.724 AZN
06 February 2024	1 PAB = 1.738 AZN
07 February 2024	1 PAB = 1.739 AZN
08 February 2024	1 PAB = 1.740 AZN
09 February 2024	1 PAB = 1.739 AZN
12 February 2024	1 PAB = 1.741 AZN
13 February 2024	1 PAB = 1.740 AZN
14 February 2024	1 PAB = 1.740 AZN
15 February 2024	1 PAB = 1.740 AZN
16 February 2024	1 PAB = 1.741 AZN
19 February 2024	1 PAB = 1.740 AZN
20 February 2024	1 PAB = 1.740 AZN
21 February 2024	1 PAB = 1.740 AZN
22 February 2024	1 PAB = 1.740 AZN
23 February 2024	1 PAB = 1.739 AZN
26 February 2024	1 PAB = 1.741 AZN
27 February 2024	1 PAB = 1.740 AZN
28 February 2024	1 PAB = 1.740 AZN
29 February 2024	1 PAB = 1.743 AZN

31/12/2020: Digital Currency Pilot

Azerbaijan launched a pilot program to test the use of a digital currency, the digital manat, in an effort to modernize its financial system.

20/12/2017: Second Devaluation

The manat faced another devaluation, this time by around 30%, due to economic challenges and a sharp drop in oil prices.

20/12/2015: Devaluation

The manat was devalued by more than 30% against the US dollar in response to falling oil prices.

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.

20/02/2005: Pegged to US Dollar

The Azerbaijani manat was pegged to the US dollar at a rate of 1.6 manat per dollar.

14/06/2001: Currency Reform

A currency reform was implemented, resulting in a new manat with a higher exchange rate.

31/12/1993: Hyperinflation

Azerbaijan experienced a period of hyperinflation, leading to the devaluation of the manat.

14/08/1992: Introduction of Manat

The Azerbaijani manat currency was introduced as the official currency of Azerbaijan, replacing the Soviet ruble.

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.

Historic Panamanian Balboa Azerbaijani manat