Panamanian Balboa somali shilling history for March 2024. The highest quote for this month is 581.53 (07/03/2024) and the lowest 584.22 (08/03/2024). The difference between high and low is -0.46.
PAB SOS average rate for March 2024 is 580.26625, the change between 01/03/2024 and 31/03/2024 is +2.27 %.
| 01 March 2024 | 1 PAB = 581.2 SOS |
| 04 March 2024 | 1 PAB = 583.3 SOS |
| 05 March 2024 | 1 PAB = 581.2 SOS |
| 06 March 2024 | 1 PAB = 581.3 SOS |
| 07 March 2024 | 1 PAB = 581.4 SOS |
| 08 March 2024 | 1 PAB = 583.9 SOS |
| 11 March 2024 | 1 PAB = 581.9 SOS |
| 12 March 2024 | 1 PAB = 568.0 SOS |
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.