Historic Panamanian Balboa Omani rial

Panamanian Balboa omani rial history for September 2023. The highest quote for this month is 0.39348 (25/09/2023) and the lowest 0.39422 (13/09/2023). The difference between high and low is -0.19.

PAB OMR average rate for September 2023 is 0.39073, the change between 01/09/2023 and 30/09/2023 is +1.96 %.

01 September 20231 PAB = 0.3926 OMR
04 September 20231 PAB = 0.3913 OMR
05 September 20231 PAB = 0.3924 OMR
06 September 20231 PAB = 0.3922 OMR
07 September 20231 PAB = 0.3931 OMR
08 September 20231 PAB = 0.3929 OMR
11 September 20231 PAB = 0.3808 OMR
12 September 20231 PAB = 0.3933 OMR
13 September 20231 PAB = 0.3931 OMR
14 September 20231 PAB = 0.3926 OMR
15 September 20231 PAB = 0.3928 OMR
18 September 20231 PAB = 0.3808 OMR
19 September 20231 PAB = 0.3928 OMR
20 September 20231 PAB = 0.3928 OMR
21 September 20231 PAB = 0.3926 OMR
22 September 20231 PAB = 0.3927 OMR
23 September 20231 PAB = 0.3841 OMR
24 September 20231 PAB = 0.3841 OMR
25 September 20231 PAB = 0.3946 OMR
26 September 20231 PAB = 0.3930 OMR
27 September 20231 PAB = 0.3928 OMR
28 September 20231 PAB = 0.3925 OMR
29 September 20231 PAB = 0.3928 OMR
30 September 20231 PAB = 0.3849 OMR

16/03/2021: New 5 Rial Polymer Banknote Introduced

A new polymer banknote with a denomination of 5 rials was introduced, enhancing durability and security features of the currency.

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.

15/01/2003: New Omani Rial Banknotes Issued

New series of Omani rial banknotes were introduced, featuring enhanced security features and updated designs.

12/06/1994: Smaller Denomination Coins Issued

Small denomination coins, including 5, 10, 25, and 50 baisa coins, were issued in order to facilitate everyday transactions.

17/03/1986: 200 Baisa Coin Introduced

A new 200 baisa coin was introduced, becoming the highest denomination coin in circulation at that time.

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.

11/11/1975: 1/8 Rial Copper-Nickel Coin Introduced

A new 1/8 rial coin made of copper-nickel was introduced, representing a fractional value of the rial currency.

02/03/1973: Rial Oman Pegged to US Dollar

The Omani rial was officially pegged to the United States dollar, with an exchange rate of 1 OMR = 2.895 USD.

27/07/1970: Rial Oman is Introduced

The Omani rial was introduced, replacing the Gulf rupee at a rate of 1 rial = 2.6008 rupees.

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.