Panamanian Balboa moroccan dirham exchange rate history (PAB MAD) August 2023

Panamanian Balboa moroccan dirham history for August 2023. The highest quote for this month is 10.236 (24/08/2023) and the lowest 10.159 (18/08/2023). The difference between high and low is 0.75.

PAB MAD average rate for August 2023 is 9.9674, the change between 01/08/2023 and 31/08/2023 is +0.52 %.

01 August 2023	1 PAB = 10.07 MAD
02 August 2023	1 PAB = 10.09 MAD
03 August 2023	1 PAB = 9.82 MAD
04 August 2023	1 PAB = 10.06 MAD
07 August 2023	1 PAB = 9.64 MAD
08 August 2023	1 PAB = 9.75 MAD
09 August 2023	1 PAB = 9.61 MAD
10 August 2023	1 PAB = 9.63 MAD
11 August 2023	1 PAB = 9.69 MAD
12 August 2023	1 PAB = 9.87 MAD
14 August 2023	1 PAB = 9.68 MAD
15 August 2023	1 PAB = 10.09 MAD
16 August 2023	1 PAB = 10.10 MAD
17 August 2023	1 PAB = 10.13 MAD
18 August 2023	1 PAB = 10.16 MAD
20 August 2023	1 PAB = 9.98 MAD
21 August 2023	1 PAB = 9.77 MAD
22 August 2023	1 PAB = 10.21 MAD
23 August 2023	1 PAB = 10.23 MAD
24 August 2023	1 PAB = 10.23 MAD
25 August 2023	1 PAB = 10.28 MAD
28 August 2023	1 PAB = 9.94 MAD
29 August 2023	1 PAB = 10.09 MAD
30 August 2023	1 PAB = 10.06 MAD
31 August 2023	1 PAB = 10.02 MAD

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

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.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

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.

Historic Panamanian Balboa Moroccan dirham