Convert Panamanian Balboa to Kenyan Shilling
Please provide values below to convert Panamanian Balboa [PAB] to Kenyan Shilling [KES], or Convert Kenyan Shilling to Panamanian Balboa.
How to Convert Panamanian Balboa to Kenyan Shilling
1 PAB = 0.00774225116791859 KES
Example: convert 15 PAB to KES:
15 PAB = 15 × 0.00774225116791859 KES = 0.116133767518779 KES
Panamanian Balboa to Kenyan Shilling Conversion Table
| Panamanian Balboa | Kenyan Shilling |
|---|
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.
Kenyan Shilling
The Kenyan Shilling (KES) is the official currency of Kenya, used as the country's legal tender for all transactions.
History/Origin
Introduced in 1966, replacing the East African shilling, the Kenyan Shilling has undergone various denominations and reforms to stabilize and modernize Kenya's currency system.
Current Use
The KES is widely used in Kenya for everyday transactions, banking, and trade, and is also accepted in some neighboring regions for cross-border commerce.