Convert Bolivian Boliviano to Panamanian Balboa
Please provide values below to convert Bolivian Boliviano [BOB] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Bolivian Boliviano.
How to Convert Bolivian Boliviano to Panamanian Balboa
1 BOB = 6.9104 PAB
Example: convert 15 BOB to PAB:
15 BOB = 15 × 6.9104 PAB = 103.656 PAB
Bolivian Boliviano to Panamanian Balboa Conversion Table
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Bolivian Boliviano
The Bolivian Boliviano (BOB) is the official currency of Bolivia, used for all monetary transactions within the country.
History/Origin
Introduced in 1987 to replace the Bolivian peso, the Boliviano has undergone various redenominations and reforms to stabilize Bolivia's economy and control inflation.
Current Use
The Boliviano remains the primary currency in Bolivia, widely used in everyday transactions, banking, and commerce across 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.