Historic Panamanian Balboa Cuban peso

Panamanian Balboa cuban peso history for January 2024. The highest quote for this month is 24.538 (29/01/2024) and the lowest 24.539 (29/01/2024). The difference between high and low is 0.

PAB CUP average rate for January 2024 is 24.39619, the change between 01/01/2024 and 31/01/2024 is -0.04 %.

01 January 20241 PAB = 24.53 CUP
02 January 20241 PAB = 24.53 CUP
03 January 20241 PAB = 24.53 CUP
04 January 20241 PAB = 24.53 CUP
05 January 20241 PAB = 24.53 CUP
06 January 20241 PAB = 24.00 CUP
07 January 20241 PAB = 24.00 CUP
08 January 20241 PAB = 24.53 CUP
09 January 20241 PAB = 24.53 CUP
10 January 20241 PAB = 24.53 CUP
11 January 20241 PAB = 24.53 CUP
12 January 20241 PAB = 24.53 CUP
13 January 20241 PAB = 24.00 CUP
14 January 20241 PAB = 24.00 CUP
15 January 20241 PAB = 24.53 CUP
16 January 20241 PAB = 24.54 CUP
17 January 20241 PAB = 24.53 CUP
18 January 20241 PAB = 24.54 CUP
19 January 20241 PAB = 24.54 CUP
20 January 20241 PAB = 24.00 CUP
21 January 20241 PAB = 24.00 CUP
22 January 20241 PAB = 24.54 CUP
23 January 20241 PAB = 24.54 CUP
24 January 20241 PAB = 24.54 CUP
25 January 20241 PAB = 24.53 CUP
26 January 20241 PAB = 24.54 CUP
27 January 20241 PAB = 24.00 CUP
28 January 20241 PAB = 24.00 CUP
29 January 20241 PAB = 24.54 CUP
30 January 20241 PAB = 24.54 CUP
31 January 20241 PAB = 24.54 CUP

01/01/2021: End of Monetary Dualism

The Cuban government completed the currency unification process, eliminating the convertible peso (CUC) and establishing a single currency system with the Cuban peso (CUP).

20/12/2013: Currency Unification Implementation

The Cuban government officially started the process of currency unification, gradually phasing out the convertible peso (CUC) and improving monetary policy.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

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.

08/12/2004: Elimination of US Dollar Circulation

The Cuban government announced the withdrawal of the US dollar as legal tender and introduced the convertible peso (CUC) as a replacement.

07/12/1994: Dollarization Decree

Cubans were allowed to hold and transact in foreign currencies, primarily the US dollar, to counter the economic crisis.

01/08/1994: Special Period

The Cuban economy faced a severe crisis due to the collapse of the Soviet Union, leading to currency devaluation and economic reforms.

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.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.

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.
PAB CUP August 2023
PAB CUP September 2023
PAB CUP October 2023
PAB CUP November 2023
PAB CUP December 2023
PAB CUP January 2024
PAB CUP February 2024
PAB CUP March 2024
PAB CUP April 2024
PAB CUP May 2024
PAB CUP June 2024
PAB CUP July 2024
PAB CUP August 2024