Panamanian Balboa djiboutian franc exchange rate history (PAB DJF) August 2023

Panamanian Balboa djiboutian franc history for August 2023. The highest quote for this month is 181.08 (18/08/2023) and the lowest 178.02 (02/08/2023). The difference between high and low is 1.69.

PAB DJF average rate for August 2023 is 180.9132, the change between 01/08/2023 and 31/08/2023 is -0.03 %.

01 August 2023	1 PAB = 181.7 DJF
02 August 2023	1 PAB = 181.8 DJF
03 August 2023	1 PAB = 181.6 DJF
04 August 2023	1 PAB = 182.0 DJF
07 August 2023	1 PAB = 178.0 DJF
08 August 2023	1 PAB = 182.0 DJF
09 August 2023	1 PAB = 181.9 DJF
10 August 2023	1 PAB = 181.8 DJF
11 August 2023	1 PAB = 181.8 DJF
12 August 2023	1 PAB = 177.6 DJF
14 August 2023	1 PAB = 178.0 DJF
15 August 2023	1 PAB = 181.8 DJF
16 August 2023	1 PAB = 182.2 DJF
17 August 2023	1 PAB = 181.9 DJF
18 August 2023	1 PAB = 181.9 DJF
20 August 2023	1 PAB = 177.6 DJF
21 August 2023	1 PAB = 178.0 DJF
22 August 2023	1 PAB = 182.0 DJF
23 August 2023	1 PAB = 181.9 DJF
24 August 2023	1 PAB = 181.9 DJF
25 August 2023	1 PAB = 181.9 DJF
28 August 2023	1 PAB = 178.0 DJF
29 August 2023	1 PAB = 181.9 DJF
30 August 2023	1 PAB = 182.0 DJF
31 August 2023	1 PAB = 181.8 DJF

04/06/2020: Exchange rate stabilization

Efforts were made to stabilize the exchange rate of the Djiboutian franc to reduce inflation and encourage economic growth.

01/09/2013: Replacement of coins with bi-metallic coins

Coins of lower denominations of the Djiboutian franc were replaced with bi-metallic coins.

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.

01/01/2002: Introduction of new banknotes

New banknotes of the Djiboutian franc were introduced with enhanced security features.

15/09/1997: Second devaluation

The Djiboutian franc was devalued by 33% as a result of economic instability and high inflation.

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.

08/05/1977: First devaluation

The Djiboutian franc was devalued by 50% due to economic difficulties faced by the newly independent country.

27/06/1973: Independence from France

Djibouti gained independence from France and the Djiboutian franc became the national currency.

01/01/1949: Introduction of the Djiboutian franc

The Djiboutian franc was introduced as the official currency of French Somaliland, replacing the French franc at a 1:1 exchange rate.

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.

Historic Panamanian Balboa Djiboutian franc