Convert Maldivian Rufiyaa to Panamanian Balboa
Please provide values below to convert Maldivian Rufiyaa [MVR] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Maldivian Rufiyaa.
How to Convert Maldivian Rufiyaa to Panamanian Balboa
1 MVR = 15.4382 PAB
Example: convert 15 MVR to PAB:
15 MVR = 15 × 15.4382 PAB = 231.573 PAB
Maldivian Rufiyaa to Panamanian Balboa Conversion Table
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Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.
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.