Convert Armenian Dram to Panamanian Balboa

Please provide values below to convert Armenian Dram [AMD] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Armenian Dram.

How to Convert Armenian Dram to Panamanian Balboa

1 AMD = 384.053 PAB

Example: convert 15 AMD to PAB:
15 AMD = 15 × 384.053 PAB = 5760.795 PAB

Armenian Dram to Panamanian Balboa Conversion Table

Armenian Dram	Panamanian Balboa

Armenian Dram

The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.

History/Origin

The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.

Current Use

The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.

Panamanian Balboa

The Panamanian Balboa (PAB) is the official currency of Panama, subdivided into 100 centésimos, used primarily for coinage alongside the US dollar.

History/Origin

Introduced in 1904, the Balboa was established as Panama's official currency to promote national identity, initially backed by gold, but since 1941 it has been pegged at par to the US dollar, which is also widely accepted in the country.

Current Use

Today, the Balboa is mainly used for coinage and official transactions within Panama, with the US dollar serving as the primary currency for most practical purposes, including banking and commerce.

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