Historic Panamanian Balboa Costa Rican colón

Panamanian Balboa costa rican colón history since 29/03/2024 until today (0 years). Search for PAB to CRC exchange rate history for a particular date, month or year.

is the currency (supplied by National Bank of Panama and the Costa Rican colón the currency of Costa Rica supplied by Central Bank of Costa Rica. The PAB CRC historical data can be seen on the Panamanian Balboa costa rican colón historical chart.

01 March 20241 PAB = 510.9 CRC
03 March 20241 PAB = 509.8 CRC
04 March 20241 PAB = 510.8 CRC
05 March 20241 PAB = 513.0 CRC
06 March 20241 PAB = 512.7 CRC
07 March 20241 PAB = 512.8 CRC
08 March 20241 PAB = 511.1 CRC
10 March 20241 PAB = 507.3 CRC
11 March 20241 PAB = 510.0 CRC
12 March 20241 PAB = 506.3 CRC

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.

15/10/2006: New series of banknotes

Costa Rica introduced a new series of banknotes featuring enhanced security features to combat counterfeiting and modernize the colón currency.

21/05/1991: Free-floating exchange rate

Costa Rica transitioned to a floating exchange rate regime, allowing the colón's value to be determined by market forces.

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.

09/11/1961: Introduction of the Monetary Reform

Costa Rica implemented a monetary reform, replacing the old colón with a new one at a rate of 1 to 100, to combat inflation.

30/11/1949: Abolition of the army

After the abolition of the army, the Costa Rican government focused on economic development, leading to stable monetary policies for the colón.

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.

14/12/1917: Establishment of the Central Bank of Costa Rica

The Central Bank of Costa Rica was established to oversee monetary policy, including the management of the colón.

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.

09/04/1896: Adoption of the gold standard

Costa Rica adopted the gold standard, pegging the value of the colón to gold, leading to currency stability.

18/03/1850: Introduction of the Costa Rican colón

The Costa Rican colón was officially introduced as the currency of Costa Rica to replace the Spanish real.