Historic Panamanian Balboa Mongolian Tugrik

Panamanian Balboa mongolian tugrik history for February 2024. The highest quote for this month is 3479.51 (02/02/2024) and the lowest 3500.54 (02/02/2024). The difference between high and low is -0.6.

PAB MNT average rate for February 2024 is 3454.15259, the change between 01/02/2024 and 29/02/2024 is +0.5 %.

01 February 20241 PAB = 3486.47 MNT
02 February 20241 PAB = 3481.81 MNT
03 February 20241 PAB = 3400.40 MNT
04 February 20241 PAB = 3400.40 MNT
05 February 20241 PAB = 3448.05 MNT
06 February 20241 PAB = 3474.68 MNT
07 February 20241 PAB = 3476.04 MNT
08 February 20241 PAB = 3476.11 MNT
09 February 20241 PAB = 3473.67 MNT
12 February 20241 PAB = 3478.45 MNT
13 February 20241 PAB = 3475.89 MNT
14 February 20241 PAB = 3475.23 MNT
15 February 20241 PAB = 3472.86 MNT
16 February 20241 PAB = 3474.32 MNT
17 February 20241 PAB = 3392.15 MNT
18 February 20241 PAB = 3392.15 MNT
19 February 20241 PAB = 3472.54 MNT
20 February 20241 PAB = 3469.71 MNT
21 February 20241 PAB = 3468.12 MNT
22 February 20241 PAB = 3467.42 MNT
23 February 20241 PAB = 3465.38 MNT
24 February 20241 PAB = 3386.98 MNT
25 February 20241 PAB = 3386.98 MNT
26 February 20241 PAB = 3468.67 MNT
27 February 20241 PAB = 3464.92 MNT
28 February 20241 PAB = 3463.61 MNT
29 February 20241 PAB = 3469.11 MNT

01/01/2017: Floating Exchange Rate Regime

Mongolia adopts a fully floating exchange rate regime for the Tugrik, allowing the currency's value to be determined by market forces without intervention from the central bank.

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.

26/06/2009: Currency Redenomination

Mongolia redenominates its currency, replacing the old Tugrik banknotes with new ones at a ratio of 1 to 1000, in an effort to simplify transactions and reduce inflation.

06/03/1993: Mongolia Joins IMF

Mongolia becomes a member of the International Monetary Fund (IMF), influencing monetary policies and further shaping the development of the Tugrik currency.

01/07/1992: Tugrik Exchange Rate Liberalization

Mongolia liberalizes the exchange rate of the Tugrik, allowing it to fluctuate based on market forces and paving the way for a more flexible currency system.

21/12/1991: Transition to Market Economy

Mongolia undergoes a transition from a centrally planned economy to a market economy, leading to major changes in the Tugrik currency system.

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.

04/07/1946: Mongolian People's Bank Established

The Mongolian People's Bank is established as the central bank of Mongolia, responsible for issuing and managing the Tugrik currency.

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.

01/12/1925: Introduction of the Tugrik Currency

Mongolia officially introduces the Tugrik as its national currency, replacing the previous currency system.

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 MNT January 2024
PAB MNT February 2024
PAB MNT March 2024
PAB MNT April 2024
PAB MNT May 2024
PAB MNT June 2024
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PAB MNT September 2024
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PAB MNT January 2025