Convert Panamanian Balboa to Lebanese Pound
Please provide values below to convert Panamanian Balboa [PAB] to Lebanese Pound [LBP], or Convert Lebanese Pound to Panamanian Balboa.
How to Convert Panamanian Balboa to Lebanese Pound
1 PAB = 1.11731843575419e-05 LBP
Example: convert 15 PAB to LBP:
15 PAB = 15 × 1.11731843575419e-05 LBP = 0.000167597765363128 LBP
Panamanian Balboa to Lebanese Pound Conversion Table
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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.
Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.