Historic Panamanian Balboa Costa Rican colón

Panamanian Balboa costa rican colón history for February 2024. The highest quote for this month is 516.69 (15/02/2024) and the lowest 516.68 (16/02/2024). The difference between high and low is 0.

PAB CRC average rate for February 2024 is 514.0637, the change between 01/02/2024 and 29/02/2024 is -0.28 %.

01 February 20241 PAB = 511.8 CRC
02 February 20241 PAB = 511.7 CRC
03 February 20241 PAB = 512.6 CRC
04 February 20241 PAB = 512.6 CRC
05 February 20241 PAB = 515.1 CRC
06 February 20241 PAB = 515.9 CRC
07 February 20241 PAB = 515.8 CRC
08 February 20241 PAB = 515.8 CRC
09 February 20241 PAB = 515.8 CRC
12 February 20241 PAB = 515.6 CRC
13 February 20241 PAB = 515.7 CRC
14 February 20241 PAB = 515.7 CRC
15 February 20241 PAB = 516.3 CRC
16 February 20241 PAB = 516.7 CRC
17 February 20241 PAB = 513.5 CRC
18 February 20241 PAB = 513.5 CRC
19 February 20241 PAB = 515.4 CRC
20 February 20241 PAB = 513.2 CRC
21 February 20241 PAB = 513.1 CRC
22 February 20241 PAB = 512.3 CRC
23 February 20241 PAB = 513.7 CRC
24 February 20241 PAB = 512.6 CRC
25 February 20241 PAB = 512.6 CRC
26 February 20241 PAB = 513.5 CRC
27 February 20241 PAB = 512.9 CRC
28 February 20241 PAB = 513.5 CRC
29 February 20241 PAB = 513.2 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.
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