Historic Panamanian Balboa Bermudian dollar

Panamanian Balboa bermudian dollar history for February 2024. The highest quote for this month is 1.0242 (15/02/2024) and the lowest 1.0296 (02/02/2024). The difference between high and low is -0.53.

PAB BMD average rate for February 2024 is 1.01698, the change between 01/02/2024 and 29/02/2024 is -0.03 %.

01 February 20241 PAB = 1.026 BMD
02 February 20241 PAB = 1.024 BMD
03 February 20241 PAB = 1.000 BMD
04 February 20241 PAB = 1.000 BMD
05 February 20241 PAB = 1.014 BMD
06 February 20241 PAB = 1.023 BMD
07 February 20241 PAB = 1.023 BMD
08 February 20241 PAB = 1.024 BMD
09 February 20241 PAB = 1.023 BMD
10 February 20241 PAB = 1.000 BMD
11 February 20241 PAB = 1.000 BMD
12 February 20241 PAB = 1.025 BMD
13 February 20241 PAB = 1.024 BMD
14 February 20241 PAB = 1.024 BMD
15 February 20241 PAB = 1.024 BMD
16 February 20241 PAB = 1.024 BMD
17 February 20241 PAB = 1.000 BMD
18 February 20241 PAB = 1.000 BMD
19 February 20241 PAB = 1.024 BMD
20 February 20241 PAB = 1.024 BMD
21 February 20241 PAB = 1.024 BMD
22 February 20241 PAB = 1.024 BMD
23 February 20241 PAB = 1.023 BMD
24 February 20241 PAB = 1.000 BMD
25 February 20241 PAB = 1.000 BMD
26 February 20241 PAB = 1.025 BMD
27 February 20241 PAB = 1.024 BMD
28 February 20241 PAB = 1.024 BMD
29 February 20241 PAB = 1.026 BMD

01/01/2019: Switch to the Bermuda dollar symbol

Bermuda officially adopted a new currency symbol for the Bermudian dollar, replacing the British pound sign used previously.

16/03/2015: Redesign of banknotes

The Bermuda Monetary Authority unveiled a redesigned series of banknotes featuring enhanced security features and updated designs.

01/05/2012: Introduction of polymer banknotes

Bermuda introduced polymer banknotes to replace paper currency for better durability and security.

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.

01/01/1997: Incorporation into Federal Reserve System

The US Federal Reserve System incorporated the Bermuda Monetary Authority into its banking 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.

06/01/1982: New notes and coins

Bermuda issued new notes and coins, featuring iconic local sights, to commemorate its 375th anniversary.

25/02/1972: Introduction of decimal coins

Bermuda introduced a decimal currency system, replacing the old pounds, shillings, and pence.

06/07/1970: Currency Board Agreement

Bermuda established a Currency Board System, pegging the Bermudian dollar at par with the US dollar.

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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