Historic Panamanian Balboa Moroccan dirham

Panamanian Balboa moroccan dirham history for February 2024. The highest quote for this month is 10.319 (21/02/2024) and the lowest 10.062 (17/02/2024). The difference between high and low is 2.49.

PAB MAD average rate for February 2024 is 10.14825, the change between 01/02/2024 and 29/02/2024 is +1.91 %.

01 February 20241 PAB = 10.25 MAD
02 February 20241 PAB = 10.24 MAD
03 February 20241 PAB = 10.04 MAD
04 February 20241 PAB = 10.04 MAD
05 February 20241 PAB = 9.90 MAD
06 February 20241 PAB = 9.98 MAD
07 February 20241 PAB = 10.30 MAD
08 February 20241 PAB = 10.30 MAD
09 February 20241 PAB = 10.27 MAD
11 February 20241 PAB = 10.00 MAD
12 February 20241 PAB = 9.94 MAD
13 February 20241 PAB = 10.27 MAD
14 February 20241 PAB = 10.31 MAD
15 February 20241 PAB = 10.31 MAD
16 February 20241 PAB = 10.30 MAD
17 February 20241 PAB = 10.06 MAD
18 February 20241 PAB = 10.06 MAD
19 February 20241 PAB = 9.98 MAD
20 February 20241 PAB = 10.00 MAD
21 February 20241 PAB = 10.32 MAD
22 February 20241 PAB = 10.32 MAD
23 February 20241 PAB = 10.29 MAD
24 February 20241 PAB = 10.05 MAD
25 February 20241 PAB = 10.05 MAD
26 February 20241 PAB = 9.96 MAD
27 February 20241 PAB = 10.26 MAD
28 February 20241 PAB = 10.30 MAD
29 February 20241 PAB = 10.06 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 January 2024
PAB MAD February 2024
PAB MAD March 2024
PAB MAD April 2024
PAB MAD May 2024
PAB MAD June 2024
PAB MAD July 2024
PAB MAD August 2024
PAB MAD September 2024
PAB MAD October 2024
PAB MAD November 2024
PAB MAD December 2024
PAB MAD January 2025