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 July 2023
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