Historic Panamanian Balboa Jamaican Dollar

Panamanian Balboa jamaican dollar history for January 2024. The highest quote for this month is 157.74 (29/01/2024) and the lowest 157.74 (26/01/2024). The difference between high and low is 0.

PAB JMD average rate for January 2024 is 156.48286, the change between 01/01/2024 and 31/01/2024 is -0.56 %.

01 January 20241 PAB = 156.4 JMD
02 January 20241 PAB = 156.4 JMD
03 January 20241 PAB = 156.2 JMD
04 January 20241 PAB = 156.2 JMD
05 January 20241 PAB = 156.3 JMD
06 January 20241 PAB = 153.7 JMD
07 January 20241 PAB = 153.7 JMD
08 January 20241 PAB = 156.5 JMD
09 January 20241 PAB = 156.3 JMD
10 January 20241 PAB = 156.4 JMD
11 January 20241 PAB = 156.8 JMD
12 January 20241 PAB = 156.9 JMD
14 January 20241 PAB = 154.7 JMD
15 January 20241 PAB = 157.3 JMD
16 January 20241 PAB = 157.5 JMD
17 January 20241 PAB = 157.4 JMD
18 January 20241 PAB = 157.0 JMD
19 January 20241 PAB = 157.1 JMD
22 January 20241 PAB = 157.5 JMD
23 January 20241 PAB = 157.1 JMD
24 January 20241 PAB = 157.4 JMD
25 January 20241 PAB = 157.6 JMD
26 January 20241 PAB = 157.7 JMD
27 January 20241 PAB = 155.2 JMD
28 January 20241 PAB = 154.0 JMD
29 January 20241 PAB = 157.7 JMD
30 January 20241 PAB = 157.5 JMD
31 January 20241 PAB = 157.3 JMD

16/03/2015: Bank of Jamaica Act

The Bank of Jamaica Act was passed, granting the central bank greater autonomy in executing monetary policy and promoting financial stability.

12/02/2013: Currency devaluation

To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.

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.

28/11/2010: IMF agreement

Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.

30/04/1994: Foreign exchange liberalization

Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.

25/03/1991: JMD devaluation

Due to economic pressures, the Jamaican Dollar was devalued by 33.3%, leading to an increase in the exchange rate.

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.

05/08/1971: Currency decimalization

Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.

07/02/1969: Jamaican Dollar introduced

The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.

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