Historic Panamanian Balboa Lebanese pound

Panamanian Balboa lebanese pound history for January 2024. The highest quote for this month is 15364 (08/01/2024) and the lowest 15348 (29/01/2024). The difference between high and low is 0.1.

PAB LBP average rate for January 2024 is 15298.86296, the change between 01/01/2024 and 31/01/2024 is -0.08 %.

01 January 20241 PAB = 15340.80 LBP
02 January 20241 PAB = 15340.80 LBP
03 January 20241 PAB = 15345.20 LBP
04 January 20241 PAB = 15364.40 LBP
05 January 20241 PAB = 15352.10 LBP
06 January 20241 PAB = 15000.00 LBP
07 January 20241 PAB = 15000.00 LBP
08 January 20241 PAB = 15343.70 LBP
09 January 20241 PAB = 15343.70 LBP
10 January 20241 PAB = 15343.60 LBP
11 January 20241 PAB = 15356.80 LBP
12 January 20241 PAB = 15332.80 LBP
14 January 20241 PAB = 15000.00 LBP
15 January 20241 PAB = 15344.00 LBP
16 January 20241 PAB = 15344.60 LBP
17 January 20241 PAB = 15344.70 LBP
18 January 20241 PAB = 15354.20 LBP
19 January 20241 PAB = 15353.90 LBP
22 January 20241 PAB = 15346.30 LBP
23 January 20241 PAB = 15357.20 LBP
24 January 20241 PAB = 15361.60 LBP
25 January 20241 PAB = 15354.50 LBP
26 January 20241 PAB = 15345.10 LBP
28 January 20241 PAB = 15000.00 LBP
29 January 20241 PAB = 15346.80 LBP
30 January 20241 PAB = 15398.70 LBP
31 January 20241 PAB = 15353.80 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
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