Panamanian Balboa samoan tala history for August 2023. The highest quote for this month is 2.8399 (21/08/2023) and the lowest 2.8272 (15/08/2023). The difference between high and low is 0.45.
PAB WST average rate for August 2023 is 2.75975, the change between 01/08/2023 and 31/08/2023 is -0.05 %.
01 August 2023 | 1 PAB = 2.741 WST |
04 August 2023 | 1 PAB = 2.745 WST |
07 August 2023 | 1 PAB = 2.723 WST |
08 August 2023 | 1 PAB = 2.804 WST |
10 August 2023 | 1 PAB = 2.810 WST |
12 August 2023 | 1 PAB = 2.749 WST |
14 August 2023 | 1 PAB = 2.803 WST |
15 August 2023 | 1 PAB = 2.826 WST |
17 August 2023 | 1 PAB = 2.743 WST |
20 August 2023 | 1 PAB = 2.681 WST |
21 August 2023 | 1 PAB = 2.751 WST |
28 August 2023 | 1 PAB = 2.743 WST |
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.
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.
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.