Historic Panamanian Balboa Samoan Tala

Panamanian Balboa samoan tala history for December 2023. The highest quote for this month is 2.8014 (13/12/2023) and the lowest 2.8016 (12/12/2023). The difference between high and low is -0.01.

PAB WST average rate for December 2023 is 2.72996, the change between 01/12/2023 and 31/12/2023 is +3.99 %.

01 December 20231 PAB = 2.792 WST
02 December 20231 PAB = 2.681 WST
03 December 20231 PAB = 2.681 WST
04 December 20231 PAB = 2.742 WST
05 December 20231 PAB = 2.742 WST
06 December 20231 PAB = 2.793 WST
07 December 20231 PAB = 2.743 WST
08 December 20231 PAB = 2.742 WST
10 December 20231 PAB = 2.681 WST
11 December 20231 PAB = 2.740 WST
12 December 20231 PAB = 2.798 WST
13 December 20231 PAB = 2.744 WST
14 December 20231 PAB = 2.744 WST
15 December 20231 PAB = 2.744 WST
16 December 20231 PAB = 2.681 WST
17 December 20231 PAB = 2.681 WST
18 December 20231 PAB = 2.729 WST
19 December 20231 PAB = 2.744 WST
20 December 20231 PAB = 2.746 WST
21 December 20231 PAB = 2.743 WST
22 December 20231 PAB = 2.744 WST
23 December 20231 PAB = 2.681 WST
24 December 20231 PAB = 2.681 WST
26 December 20231 PAB = 2.757 WST
27 December 20231 PAB = 2.738 WST
28 December 20231 PAB = 2.743 WST
29 December 20231 PAB = 2.728 WST
30 December 20231 PAB = 2.681 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.