Historic Panamanian Balboa Lebanese pound

Panamanian Balboa lebanese pound history for February 2024. The highest quote for this month is 91640.9 (21/02/2024) and the lowest 91641.8 (22/02/2024). The difference between high and low is 0.

PAB LBP average rate for February 2024 is 42606.532, the change between 01/02/2024 and 29/02/2024 is -493.62 %.

01 February 20241 PAB = 15436.20 LBP
02 February 20241 PAB = 15357.90 LBP
03 February 20241 PAB = 15000.00 LBP
04 February 20241 PAB = 15000.00 LBP
05 February 20241 PAB = 15345.40 LBP
06 February 20241 PAB = 15349.60 LBP
07 February 20241 PAB = 15512.20 LBP
08 February 20241 PAB = 15353.20 LBP
09 February 20241 PAB = 15357.40 LBP
12 February 20241 PAB = 15347.00 LBP
13 February 20241 PAB = 15358.80 LBP
14 February 20241 PAB = 15434.60 LBP
15 February 20241 PAB = 15325.40 LBP
16 February 20241 PAB = 15363.30 LBP
19 February 20241 PAB = 15349.20 LBP
20 February 20241 PAB = 15303.50 LBP
21 February 20241 PAB = 91320.70 LBP
22 February 20241 PAB = 91626.00 LBP
23 February 20241 PAB = 91571.70 LBP
24 February 20241 PAB = 89500.00 LBP
25 February 20241 PAB = 89500.00 LBP
26 February 20241 PAB = 91548.40 LBP
27 February 20241 PAB = 91627.80 LBP
28 February 20241 PAB = 91643.20 LBP
29 February 20241 PAB = 91631.80 LBP

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

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.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

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.

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

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.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.

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 LBP December 2023
PAB LBP January 2024
PAB LBP February 2024
PAB LBP March 2024
PAB LBP April 2024
PAB LBP May 2024
PAB LBP June 2024
PAB LBP July 2024
PAB LBP August 2024
PAB LBP September 2024
PAB LBP October 2024
PAB LBP November 2024
PAB LBP December 2024