Convert Sri Lankan Rupee to Panamanian Balboa
Please provide values below to convert Sri Lankan Rupee [LKR] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Sri Lankan Rupee.
How to Convert Sri Lankan Rupee to Panamanian Balboa
1 LKR = 301.5378 PAB
Example: convert 15 LKR to PAB:
15 LKR = 15 × 301.5378 PAB = 4523.067 PAB
Sri Lankan Rupee to Panamanian Balboa Conversion Table
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Sri Lankan Rupee
The Sri Lankan Rupee (LKR) is the official currency of Sri Lanka, used for all monetary transactions within the country.
History/Origin
The Sri Lankan Rupee was introduced in 1872 during British colonial rule, replacing the Indian Rupee. It has undergone various changes and decimalization over the years, with the current form established in 1978.
Current Use
Today, the LKR is the legal tender in Sri Lanka, used in everyday transactions, banking, and trade. It is managed by the Central Bank of Sri Lanka and is actively traded in foreign exchange markets.
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.