Historic Panamanian Balboa Costa Rican colón

Panamanian Balboa costa rican colón history for January 2024. The highest quote for this month is 520.19 (10/01/2024) and the lowest 520.19 (11/01/2024). The difference between high and low is 0.

PAB CRC average rate for January 2024 is 516.0737, the change between 01/01/2024 and 31/01/2024 is +1.34 %.

01 January 20241 PAB = 518.7 CRC
02 January 20241 PAB = 518.7 CRC
03 January 20241 PAB = 518.7 CRC
04 January 20241 PAB = 518.6 CRC
05 January 20241 PAB = 518.7 CRC
06 January 20241 PAB = 516.9 CRC
07 January 20241 PAB = 516.9 CRC
08 January 20241 PAB = 518.2 CRC
09 January 20241 PAB = 518.7 CRC
10 January 20241 PAB = 518.6 CRC
11 January 20241 PAB = 520.2 CRC
12 January 20241 PAB = 519.8 CRC
14 January 20241 PAB = 518.1 CRC
15 January 20241 PAB = 519.1 CRC
16 January 20241 PAB = 518.8 CRC
17 January 20241 PAB = 518.7 CRC
18 January 20241 PAB = 515.5 CRC
19 January 20241 PAB = 514.6 CRC
22 January 20241 PAB = 513.7 CRC
23 January 20241 PAB = 513.5 CRC
24 January 20241 PAB = 512.7 CRC
25 January 20241 PAB = 512.6 CRC
26 January 20241 PAB = 511.5 CRC
28 January 20241 PAB = 511.0 CRC
29 January 20241 PAB = 509.9 CRC
30 January 20241 PAB = 509.9 CRC
31 January 20241 PAB = 511.7 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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