Panamanian Balboa qatari rial exchange rate history (PAB QAR) December 2023

Panamanian Balboa qatari rial history for December 2023. The highest quote for this month is 3.7262 (19/12/2023) and the lowest 3.7642 (14/12/2023). The difference between high and low is -1.02.

PAB QAR average rate for December 2023 is 3.70088, the change between 01/12/2023 and 31/12/2023 is +0.56 %.

01 December 2023	1 PAB = 3.724 QAR
02 December 2023	1 PAB = 3.640 QAR
03 December 2023	1 PAB = 3.640 QAR
04 December 2023	1 PAB = 3.722 QAR
05 December 2023	1 PAB = 3.723 QAR
06 December 2023	1 PAB = 3.725 QAR
07 December 2023	1 PAB = 3.723 QAR
08 December 2023	1 PAB = 3.723 QAR
10 December 2023	1 PAB = 3.640 QAR
11 December 2023	1 PAB = 3.720 QAR
12 December 2023	1 PAB = 3.723 QAR
13 December 2023	1 PAB = 3.726 QAR
14 December 2023	1 PAB = 3.725 QAR
15 December 2023	1 PAB = 3.726 QAR
16 December 2023	1 PAB = 3.640 QAR
17 December 2023	1 PAB = 3.640 QAR
18 December 2023	1 PAB = 3.705 QAR
19 December 2023	1 PAB = 3.725 QAR
20 December 2023	1 PAB = 3.728 QAR
21 December 2023	1 PAB = 3.724 QAR
22 December 2023	1 PAB = 3.724 QAR
23 December 2023	1 PAB = 3.640 QAR
24 December 2023	1 PAB = 3.640 QAR
25 December 2023	1 PAB = 3.719 QAR
26 December 2023	1 PAB = 3.719 QAR
27 December 2023	1 PAB = 3.717 QAR
28 December 2023	1 PAB = 3.723 QAR
29 December 2023	1 PAB = 3.703 QAR

01/01/2021: Launch of a digital currency pilot program

Qatar announced the launch of a pilot program to test the use of a digital currency as part of its efforts to introduce blockchain technology in the financial sector.

05/06/2017: Qatar diplomatic crisis affects the currency

Following the diplomatic crisis and blockade imposed by neighboring countries, the Qatari rial faced volatility and depreciated against major currencies.

27/05/2015: Qatari rial pegged to a basket of currencies

The Qatari rial's peg was diversified to include a basket of currencies, reducing its dependence on the US dollar.

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.

08/06/2001: Creation of the Qatar Central Bank

The Qatar Central Bank was established to replace the Qatar Currency Board and assume the responsibility of regulating the Qatari rial.

27/07/1997: Qatar Currency Board established

The Qatar Currency Board was established to regulate the issuance and circulation of the Qatari rial and maintain its stability.

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.

27/03/1976: Currency pegged to the US Dollar

The Qatari rial was pegged to the US dollar at a fixed exchange rate of 1 USD = 3.64 QAR to stabilize its value and promote trade.

24/06/1973: Introduction of Qatari Rial

Qatar officially introduced the Qatari rial as its currency, replacing the Gulf rupee at a rate of 1 rial = 1.65 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.

Historic Panamanian Balboa Qatari Rial