Historic Saudi riyal Panamanian Balboa

Saudi riyal panamanian balboa history for December 2023. The highest quote for this month is 0.2668 (16/12/2023) and the lowest 0.2668 (16/12/2023). The difference between high and low is 0.

SAR PAB average rate for December 2023 is 0.26225, the change between 01/12/2023 and 31/12/2023 is -0.58 %.

01 December 20231 SAR = 0.2608 PAB
03 December 20231 SAR = 0.2667 PAB
04 December 20231 SAR = 0.2607 PAB
05 December 20231 SAR = 0.2609 PAB
06 December 20231 SAR = 0.2608 PAB
07 December 20231 SAR = 0.2610 PAB
08 December 20231 SAR = 0.2609 PAB
10 December 20231 SAR = 0.2668 PAB
11 December 20231 SAR = 0.2609 PAB
12 December 20231 SAR = 0.2610 PAB
13 December 20231 SAR = 0.2608 PAB
14 December 20231 SAR = 0.2607 PAB
15 December 20231 SAR = 0.2607 PAB
16 December 20231 SAR = 0.2668 PAB
17 December 20231 SAR = 0.2667 PAB
18 December 20231 SAR = 0.2619 PAB
19 December 20231 SAR = 0.2608 PAB
20 December 20231 SAR = 0.2606 PAB
21 December 20231 SAR = 0.2608 PAB
22 December 20231 SAR = 0.2608 PAB
23 December 20231 SAR = 0.2668 PAB
24 December 20231 SAR = 0.2668 PAB
25 December 20231 SAR = 0.2609 PAB
26 December 20231 SAR = 0.2610 PAB
27 December 20231 SAR = 0.2611 PAB
28 December 20231 SAR = 0.2609 PAB
29 December 20231 SAR = 0.2623 PAB

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.
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