Convert Mauritanian Ouguiya to Panamanian Balboa
Please provide values below to convert Mauritanian Ouguiya [MRU] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Mauritanian Ouguiya.
How to Convert Mauritanian Ouguiya to Panamanian Balboa
1 MRU = 39.9613 PAB
Example: convert 15 MRU to PAB:
15 MRU = 15 × 39.9613 PAB = 599.4195 PAB
Mauritanian Ouguiya to Panamanian Balboa Conversion Table
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Mauritanian Ouguiya
The Mauritanian Ouguiya (MRU) is the official currency of Mauritania, used for all monetary transactions within the country.
History/Origin
The Ouguiya was introduced in 1973, replacing the CFA franc at par, and has undergone various redenominations and updates since its inception to modernize the currency system.
Current Use
Today, the MRU is actively used in Mauritania for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of West African States (BCEAO).
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.