Historic Panamanian Balboa Moroccan dirham

Panamanian Balboa moroccan dirham history for December 2023. The highest quote for this month is 10.432 (14/12/2023) and the lowest 10.17 (26/12/2023). The difference between high and low is 2.51.

PAB MAD average rate for December 2023 is 10.10921, the change between 01/12/2023 and 31/12/2023 is +1.33 %.

01 December 20231 PAB = 9.99 MAD
02 December 20231 PAB = 10.08 MAD
03 December 20231 PAB = 10.08 MAD
04 December 20231 PAB = 9.99 MAD
05 December 20231 PAB = 10.31 MAD
06 December 20231 PAB = 10.33 MAD
07 December 20231 PAB = 10.33 MAD
08 December 20231 PAB = 10.34 MAD
10 December 20231 PAB = 10.16 MAD
11 December 20231 PAB = 10.05 MAD
12 December 20231 PAB = 10.08 MAD
13 December 20231 PAB = 10.08 MAD
14 December 20231 PAB = 10.43 MAD
15 December 20231 PAB = 10.32 MAD
16 December 20231 PAB = 10.12 MAD
17 December 20231 PAB = 10.12 MAD
18 December 20231 PAB = 10.01 MAD
19 December 20231 PAB = 10.03 MAD
20 December 20231 PAB = 10.34 MAD
21 December 20231 PAB = 10.27 MAD
22 December 20231 PAB = 10.19 MAD
23 December 20231 PAB = 9.92 MAD
24 December 20231 PAB = 9.92 MAD
25 December 20231 PAB = 9.80 MAD
26 December 20231 PAB = 9.81 MAD
27 December 20231 PAB = 10.12 MAD
28 December 20231 PAB = 10.02 MAD
29 December 20231 PAB = 10.06 MAD
31 December 20231 PAB = 9.86 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.
PAB MAD July 2023
PAB MAD August 2023
PAB MAD September 2023
PAB MAD October 2023
PAB MAD November 2023
PAB MAD December 2023
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PAB MAD June 2024
PAB MAD July 2024