Convert Panamanian Balboa to Liberian Dollar
Please provide values below to convert Panamanian Balboa [PAB] to Liberian Dollar [LRD], or Convert Liberian Dollar to Panamanian Balboa.
How to Convert Panamanian Balboa to Liberian Dollar
1 PAB = 0.00498793418720116 LRD
Example: convert 15 PAB to LRD:
15 PAB = 15 × 0.00498793418720116 LRD = 0.0748190128080174 LRD
Panamanian Balboa to Liberian Dollar 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.
Liberian Dollar
The Liberian Dollar (LRD) is the official currency of Liberia, used for all monetary transactions within the country.
History/Origin
The Liberian Dollar was introduced in 1943, replacing the Liberian Pound, and has undergone various reforms to stabilize the economy and manage inflation.
Current Use
Today, the Liberian Dollar is widely used in Liberia for everyday transactions, with coins and banknotes issued by the Central Bank of Liberia.