Historic Panamanian Balboa Saudi riyal

Panamanian Balboa saudi riyal history for November 2023. The highest quote for this month is 3.8435 (02/11/2023) and the lowest 3.8892 (15/11/2023). The difference between high and low is -1.19.

PAB SAR average rate for November 2023 is 3.82521, the change between 01/11/2023 and 30/11/2023 is +0.06 %.

01 November 20231 PAB = 3.837 SAR
02 November 20231 PAB = 3.839 SAR
03 November 20231 PAB = 3.843 SAR
06 November 20231 PAB = 3.869 SAR
07 November 20231 PAB = 3.835 SAR
08 November 20231 PAB = 3.839 SAR
09 November 20231 PAB = 3.833 SAR
10 November 20231 PAB = 3.836 SAR
12 November 20231 PAB = 3.749 SAR
13 November 20231 PAB = 3.854 SAR
14 November 20231 PAB = 3.833 SAR
15 November 20231 PAB = 3.837 SAR
16 November 20231 PAB = 3.831 SAR
17 November 20231 PAB = 3.832 SAR
18 November 20231 PAB = 3.748 SAR
19 November 20231 PAB = 3.748 SAR
20 November 20231 PAB = 3.854 SAR
21 November 20231 PAB = 3.835 SAR
22 November 20231 PAB = 3.836 SAR
23 November 20231 PAB = 3.836 SAR
24 November 20231 PAB = 3.831 SAR
26 November 20231 PAB = 3.749 SAR
27 November 20231 PAB = 3.846 SAR
28 November 20231 PAB = 3.833 SAR
29 November 20231 PAB = 3.836 SAR
30 November 20231 PAB = 3.835 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
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