Historic Panamanian Balboa Guinean franc

Panamanian Balboa guinean franc history for January 2024. The highest quote for this month is 8754.77 (23/01/2024) and the lowest 8715.34 (09/01/2024). The difference between high and low is 0.45.

PAB GNF average rate for January 2024 is 8689.98741, the change between 01/01/2024 and 31/01/2024 is -0.15 %.

01 January 20241 PAB = 8714.21 GNF
02 January 20241 PAB = 8714.20 GNF
03 January 20241 PAB = 8705.86 GNF
04 January 20241 PAB = 8716.73 GNF
05 January 20241 PAB = 8720.02 GNF
06 January 20241 PAB = 8498.00 GNF
07 January 20241 PAB = 8511.00 GNF
08 January 20241 PAB = 8712.61 GNF
09 January 20241 PAB = 8723.83 GNF
10 January 20241 PAB = 8714.34 GNF
11 January 20241 PAB = 8719.78 GNF
12 January 20241 PAB = 8716.90 GNF
14 January 20241 PAB = 8504.00 GNF
15 January 20241 PAB = 8711.21 GNF
16 January 20241 PAB = 8711.47 GNF
17 January 20241 PAB = 8709.55 GNF
18 January 20241 PAB = 8725.72 GNF
19 January 20241 PAB = 8730.68 GNF
22 January 20241 PAB = 8712.04 GNF
23 January 20241 PAB = 8758.70 GNF
24 January 20241 PAB = 8776.02 GNF
25 January 20241 PAB = 8752.04 GNF
26 January 20241 PAB = 8721.13 GNF
28 January 20241 PAB = 8498.00 GNF
29 January 20241 PAB = 8714.23 GNF
30 January 20241 PAB = 8710.49 GNF
31 January 20241 PAB = 8726.90 GNF

30/06/2015: Demonetization of old Guinean franc banknotes

The old series of Guinean franc banknotes, denominated in 'Syli,' ceased to be legal tender, and only the new franc banknotes remained in circulation.

26/09/2012: Introduction of new Guinean franc coins

New coins denominated in the Guinean franc were introduced, replacing the previously used Guinean syli 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.

30/06/2010: Revaluation of the Guinean franc

The Guinean franc underwent a revaluation, with 1 new franc being equivalent to 10,000 old francs.

30/06/1997: Introduction of new Guinean franc

A new series of Guinean franc banknotes, denominated in 'Syli,' was introduced as a replacement for the previous currency.

30/11/1985: Devaluation of the Guinean franc

The Guinean franc was devalued by 50%, leading to an economic crisis 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.

31/05/1971: Redenomination of the Guinean franc

The Guinean franc underwent a redenomination, with 1 new franc being equivalent to 10 old francs.

01/10/1959: Introduction of Guinean franc

The Guinean franc was introduced as the official currency of Guinea following its independence from France.

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 GNF January 2024
PAB GNF February 2024
PAB GNF March 2024
PAB GNF April 2024
PAB GNF May 2024
PAB GNF June 2024
PAB GNF July 2024
PAB GNF August 2024
PAB GNF September 2024
PAB GNF October 2024
PAB GNF November 2024
PAB GNF December 2024
PAB GNF January 2025