Historic Panamanian Balboa Malagasy Ariary

Panamanian Balboa malagasy ariary history for February 2024. The highest quote for this month is 4634.85 (08/02/2024) and the lowest 4606.15 (14/02/2024). The difference between high and low is 0.62.

PAB MGA average rate for February 2024 is 4593.47185, the change between 01/02/2024 and 29/02/2024 is +0.58 %.

01 February 20241 PAB = 4614.55 MGA
02 February 20241 PAB = 4612.86 MGA
03 February 20241 PAB = 4532.48 MGA
04 February 20241 PAB = 4532.48 MGA
05 February 20241 PAB = 4578.71 MGA
06 February 20241 PAB = 4591.15 MGA
07 February 20241 PAB = 4609.18 MGA
08 February 20241 PAB = 4636.80 MGA
09 February 20241 PAB = 4604.16 MGA
12 February 20241 PAB = 4596.60 MGA
13 February 20241 PAB = 4627.82 MGA
14 February 20241 PAB = 4632.30 MGA
15 February 20241 PAB = 4627.92 MGA
16 February 20241 PAB = 4626.41 MGA
17 February 20241 PAB = 4537.41 MGA
18 February 20241 PAB = 4537.41 MGA
19 February 20241 PAB = 4605.81 MGA
20 February 20241 PAB = 4596.73 MGA
21 February 20241 PAB = 4622.57 MGA
22 February 20241 PAB = 4620.15 MGA
23 February 20241 PAB = 4593.93 MGA
24 February 20241 PAB = 4537.41 MGA
25 February 20241 PAB = 4537.41 MGA
26 February 20241 PAB = 4596.77 MGA
27 February 20241 PAB = 4619.27 MGA
28 February 20241 PAB = 4607.76 MGA
29 February 20241 PAB = 4587.69 MGA

01/01/2023: Planned Fourth Redenomination of Ariary

Madagascar announces plans for the fourth redenomination of the Ariary, aiming to simplify the currency system further.

01/01/2017: Third Redenomination of Ariary

The Malagasy Ariary experiences its third redenomination, resulting in the currency being divided by 5, making 1 new Ariary equal to 5 old Ariary.

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.

01/08/2003: Second Redenomination of Ariary

The Malagasy Ariary goes through its second redenomination, with 1 new Ariary equal to 5 old Ariary.

16/12/1993: First Redenomination of Ariary

The Malagasy Ariary undergoes its first redenomination, replacing the currency at a ratio of 1 new Ariary to 5 old Ariary.

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.

01/01/1983: Introduction of Malagasy Ariary

The Malagasy Ariary is introduced as the new official currency of Madagascar, replacing the Malagasy Franc.

26/06/1975: Independence of Madagascar

Madagascar declares independence from French colonial rule, leading to changes in the national currency.

26/06/1961: Introduction of Malagasy Franc

Malagasy Franc introduced as the official currency of Madagascar to replace 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.

01/10/1908: 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.
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