Historic Panamanian Balboa Cayman Islands dollar

Panamanian Balboa cayman islands dollar history for January 2024. The highest quote for this month is 0.8342 (01/01/2024) and the lowest 0.8342 (01/01/2024). The difference between high and low is 0.

PAB KYD average rate for January 2024 is 0.83048, the change between 01/01/2024 and 31/01/2024 is +0.01 %.

01 January 20241 PAB = 0.8342 KYD
02 January 20241 PAB = 0.8342 KYD
03 January 20241 PAB = 0.8341 KYD
04 January 20241 PAB = 0.8341 KYD
05 January 20241 PAB = 0.8342 KYD
06 January 20241 PAB = 0.8200 KYD
07 January 20241 PAB = 0.8200 KYD
08 January 20241 PAB = 0.8340 KYD
09 January 20241 PAB = 0.8341 KYD
10 January 20241 PAB = 0.8341 KYD
11 January 20241 PAB = 0.8342 KYD
12 January 20241 PAB = 0.8341 KYD
13 January 20241 PAB = 0.8200 KYD
14 January 20241 PAB = 0.8200 KYD
15 January 20241 PAB = 0.8341 KYD
16 January 20241 PAB = 0.8341 KYD
17 January 20241 PAB = 0.8341 KYD
18 January 20241 PAB = 0.8341 KYD
19 January 20241 PAB = 0.8342 KYD
20 January 20241 PAB = 0.8200 KYD
21 January 20241 PAB = 0.8200 KYD
22 January 20241 PAB = 0.8342 KYD
23 January 20241 PAB = 0.8341 KYD
24 January 20241 PAB = 0.8341 KYD
25 January 20241 PAB = 0.8341 KYD
26 January 20241 PAB = 0.8341 KYD
27 January 20241 PAB = 0.8200 KYD
28 January 20241 PAB = 0.8200 KYD
29 January 20241 PAB = 0.8342 KYD
30 January 20241 PAB = 0.8341 KYD
31 January 20241 PAB = 0.8341 KYD

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.

01/01/2010: Removal of 1 cent coin from circulation

Due to its low purchasing power and production costs, the 1 cent coin was withdrawn from circulation in the Cayman Islands.

01/11/2007: Transition from Crown Dependencies to Overseas Countries and Territories

The Cayman Islands, including its currency, transitioned from being labeled as a Crown Dependency to an Overseas Country and Territory.

01/01/2001: Issuance of New Banknotes and Coins

New banknotes and coins with enhanced security features were introduced to combat counterfeiting.

01/01/1999: Introduction of Cayman Islands Currency Law

The Cayman Islands Currency Law was enacted to provide a legal framework for the issuance and regulation of the currency.

01/07/1997: Pegging of the Cayman Islands Dollar to the US Dollar

The Cayman Islands dollar was pegged to the US dollar at a fixed exchange rate of KYD 1.00 = USD 1.20.

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.

07/11/1974: Creation of the Cayman Islands Monetary Authority

The Cayman Islands Monetary Authority was established as the central bank responsible for regulating the currency and financial institutions.

01/01/1972: Introduction of Cayman Islands Dollar

The Cayman Islands dollar was first introduced as the official currency, replacing the Jamaican 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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