Historic Panamanian Balboa Iranian Rial

Panamanian Balboa iranian rial history for January 2024. The highest quote for this month is 43073.2 (04/01/2024) and the lowest 43111.3 (08/01/2024). The difference between high and low is -0.09.

PAB IRR average rate for January 2024 is 42846.22593, the change between 01/01/2024 and 31/01/2024 is -0.24 %.

01 January 20241 PAB = 42890.40 IRR
02 January 20241 PAB = 42851.50 IRR
03 January 20241 PAB = 42966.60 IRR
04 January 20241 PAB = 43020.30 IRR
05 January 20241 PAB = 43011.60 IRR
06 January 20241 PAB = 42000.00 IRR
07 January 20241 PAB = 42000.00 IRR
08 January 20241 PAB = 43102.70 IRR
09 January 20241 PAB = 43004.80 IRR
10 January 20241 PAB = 42996.70 IRR
11 January 20241 PAB = 42984.80 IRR
12 January 20241 PAB = 42970.60 IRR
14 January 20241 PAB = 42000.00 IRR
15 January 20241 PAB = 43042.10 IRR
16 January 20241 PAB = 43026.90 IRR
17 January 20241 PAB = 42923.40 IRR
18 January 20241 PAB = 43014.50 IRR
19 January 20241 PAB = 42988.10 IRR
22 January 20241 PAB = 43021.90 IRR
23 January 20241 PAB = 43025.60 IRR
24 January 20241 PAB = 43035.30 IRR
25 January 20241 PAB = 43018.10 IRR
26 January 20241 PAB = 42966.30 IRR
28 January 20241 PAB = 42000.00 IRR
29 January 20241 PAB = 42950.80 IRR
30 January 20241 PAB = 43040.40 IRR
31 January 20241 PAB = 42994.70 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
PAB IRR July 2024
PAB IRR August 2024
PAB IRR September 2024
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PAB IRR November 2024
PAB IRR December 2024
PAB IRR January 2025