Historic Saudi riyal Panamanian Balboa

Saudi riyal panamanian balboa history for January 2024. The highest quote for this month is 0.2668 (28/01/2024) and the lowest 0.26698 (06/01/2024). The difference between high and low is -0.07.

SAR PAB average rate for January 2024 is 0.2617, the change between 01/01/2024 and 31/01/2024 is +0.24 %.

01 January 20241 SAR = 0.2615 PAB
02 January 20241 SAR = 0.2614 PAB
03 January 20241 SAR = 0.2610 PAB
04 January 20241 SAR = 0.2606 PAB
05 January 20241 SAR = 0.2608 PAB
06 January 20241 SAR = 0.2668 PAB
07 January 20241 SAR = 0.2668 PAB
08 January 20241 SAR = 0.2599 PAB
09 January 20241 SAR = 0.2608 PAB
10 January 20241 SAR = 0.2608 PAB
11 January 20241 SAR = 0.2609 PAB
12 January 20241 SAR = 0.2610 PAB
14 January 20241 SAR = 0.2668 PAB
15 January 20241 SAR = 0.2605 PAB
16 January 20241 SAR = 0.2606 PAB
17 January 20241 SAR = 0.2612 PAB
18 January 20241 SAR = 0.2608 PAB
19 January 20241 SAR = 0.2608 PAB
22 January 20241 SAR = 0.2603 PAB
23 January 20241 SAR = 0.2608 PAB
24 January 20241 SAR = 0.2607 PAB
25 January 20241 SAR = 0.2608 PAB
26 January 20241 SAR = 0.2610 PAB
28 January 20241 SAR = 0.2668 PAB
29 January 20241 SAR = 0.2611 PAB
30 January 20241 SAR = 0.2607 PAB
31 January 20241 SAR = 0.2608 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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