Historic Panamanian Balboa Saudi riyal

Panamanian Balboa saudi riyal history for February 2024. The highest quote for this month is 3.8396 (19/02/2024) and the lowest 3.856 (02/02/2024). The difference between high and low is -0.43.

PAB SAR average rate for February 2024 is 3.81725, the change between 01/02/2024 and 29/02/2024 is -0.05 %.

01 February 20241 PAB = 3.841 SAR
02 February 20241 PAB = 3.835 SAR
03 February 20241 PAB = 3.748 SAR
04 February 20241 PAB = 3.748 SAR
05 February 20241 PAB = 3.803 SAR
06 February 20241 PAB = 3.831 SAR
07 February 20241 PAB = 3.832 SAR
08 February 20241 PAB = 3.834 SAR
09 February 20241 PAB = 3.832 SAR
12 February 20241 PAB = 3.838 SAR
13 February 20241 PAB = 3.835 SAR
14 February 20241 PAB = 3.834 SAR
15 February 20241 PAB = 3.835 SAR
16 February 20241 PAB = 3.836 SAR
18 February 20241 PAB = 3.748 SAR
19 February 20241 PAB = 3.835 SAR
20 February 20241 PAB = 3.836 SAR
21 February 20241 PAB = 3.834 SAR
22 February 20241 PAB = 3.834 SAR
23 February 20241 PAB = 3.833 SAR
24 February 20241 PAB = 3.748 SAR
25 February 20241 PAB = 3.748 SAR
26 February 20241 PAB = 3.838 SAR
27 February 20241 PAB = 3.835 SAR
28 February 20241 PAB = 3.836 SAR
29 February 20241 PAB = 3.843 SAR

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

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.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

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.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.

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.
PAB SAR July 2023
PAB SAR August 2023
PAB SAR September 2023
PAB SAR October 2023
PAB SAR November 2023
PAB SAR December 2023
PAB SAR January 2024
PAB SAR February 2024
PAB SAR March 2024
PAB SAR April 2024
PAB SAR May 2024
PAB SAR June 2024
PAB SAR July 2024