Convert Burundian Franc to Panamanian Balboa
Please provide values below to convert Burundian Franc [BIF] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Burundian Franc.
How to Convert Burundian Franc to Panamanian Balboa
1 BIF = 2968.9965 PAB
Example: convert 15 BIF to PAB:
15 BIF = 15 × 2968.9965 PAB = 44534.9475 PAB
Burundian Franc to Panamanian Balboa Conversion Table
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Burundian Franc
The Burundian Franc (BIF) is the official currency of Burundi, used for everyday transactions within the country.
History/Origin
The Burundian Franc was introduced in 1964, replacing the Belgian Congo franc, following Burundi's independence. It has undergone various redenominations and inflation adjustments over the years.
Current Use
Today, the BIF is widely used in Burundi for all monetary transactions, with coins and banknotes issued by the Central Bank of Burundi. It remains the legal tender in the country.
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.