Historic Panamanian Balboa Iranian Rial

Panamanian Balboa iranian rial history for February 2024. The highest quote for this month is 43017.4 (15/02/2024) and the lowest 43243 (02/02/2024). The difference between high and low is -0.52.

PAB IRR average rate for February 2024 is 42771.35185, the change between 01/02/2024 and 29/02/2024 is -0.06 %.

01 February 20241 PAB = 43084.50 IRR
02 February 20241 PAB = 43005.60 IRR
03 February 20241 PAB = 42000.00 IRR
04 February 20241 PAB = 42000.00 IRR
05 February 20241 PAB = 42621.10 IRR
06 February 20241 PAB = 42950.50 IRR
07 February 20241 PAB = 42981.50 IRR
08 February 20241 PAB = 42990.20 IRR
09 February 20241 PAB = 42987.50 IRR
12 February 20241 PAB = 43031.70 IRR
13 February 20241 PAB = 43001.90 IRR
14 February 20241 PAB = 43001.10 IRR
15 February 20241 PAB = 43002.80 IRR
16 February 20241 PAB = 43022.50 IRR
17 February 20241 PAB = 42000.00 IRR
18 February 20241 PAB = 42000.00 IRR
19 February 20241 PAB = 42995.30 IRR
20 February 20241 PAB = 43005.40 IRR
21 February 20241 PAB = 43006.50 IRR
22 February 20241 PAB = 43012.50 IRR
23 February 20241 PAB = 42977.30 IRR
24 February 20241 PAB = 42000.00 IRR
25 February 20241 PAB = 42000.00 IRR
26 February 20241 PAB = 43035.60 IRR
27 February 20241 PAB = 42998.50 IRR
28 February 20241 PAB = 43005.70 IRR
29 February 20241 PAB = 43108.80 IRR

23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial

The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.

10/04/2018: Revaluation of the Iranian Rial

Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.

24/09/2012: Imposition of International Sanctions on Iran

International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).

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.

24/05/1989: Introduction of the Two-Tier Exchange Rate System

Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.

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.

26/10/1975: Floating of the Iranian Rial

The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.

01/09/1957: Decimalization of the Iranian Rial

The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.

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.

01/04/1932: Introduction of the Iranian Rial

The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.

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 IRR January 2024
PAB IRR February 2024
PAB IRR March 2024
PAB IRR April 2024
PAB IRR May 2024
PAB IRR June 2024
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PAB IRR September 2024
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PAB IRR January 2025