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

Panamanian Balboa moroccan dirham history for October 2023. The highest quote for this month is 10.575 (04/10/2023) and the lowest 10.324 (21/10/2023). The difference between high and low is 2.37.

PAB MAD average rate for October 2023 is 10.38439, the change between 01/10/2023 and 31/10/2023 is -2.46 %.

01 October 2023	1 PAB = 10.28 MAD
02 October 2023	1 PAB = 10.17 MAD
03 October 2023	1 PAB = 10.56 MAD
04 October 2023	1 PAB = 10.58 MAD
05 October 2023	1 PAB = 10.56 MAD
06 October 2023	1 PAB = 10.27 MAD
07 October 2023	1 PAB = 10.27 MAD
09 October 2023	1 PAB = 10.15 MAD
10 October 2023	1 PAB = 10.29 MAD
11 October 2023	1 PAB = 10.50 MAD
12 October 2023	1 PAB = 10.48 MAD
13 October 2023	1 PAB = 10.49 MAD
16 October 2023	1 PAB = 10.13 MAD
17 October 2023	1 PAB = 10.50 MAD
18 October 2023	1 PAB = 10.50 MAD
19 October 2023	1 PAB = 10.19 MAD
20 October 2023	1 PAB = 10.55 MAD
21 October 2023	1 PAB = 10.32 MAD
22 October 2023	1 PAB = 10.32 MAD
23 October 2023	1 PAB = 10.21 MAD
24 October 2023	1 PAB = 10.57 MAD
25 October 2023	1 PAB = 10.54 MAD
26 October 2023	1 PAB = 10.51 MAD
27 October 2023	1 PAB = 10.51 MAD
28 October 2023	1 PAB = 10.28 MAD
29 October 2023	1 PAB = 10.27 MAD
30 October 2023	1 PAB = 10.22 MAD
31 October 2023	1 PAB = 10.54 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