Convert Panamanian Balboa to Romanian Leu
Please provide values below to convert Panamanian Balboa [PAB] to Romanian Leu [RON], or Convert Romanian Leu to Panamanian Balboa.
How to Convert Panamanian Balboa to Romanian Leu
1 PAB = 0.230755030459664 RON
Example: convert 15 PAB to RON:
15 PAB = 15 × 0.230755030459664 RON = 3.46132545689496 RON
Panamanian Balboa to Romanian Leu 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.
Romanian Leu
The Romanian Leu (RON) is the official currency of Romania, used for all monetary transactions within the country.
History/Origin
The Leu was first introduced in 1867, replaced by the Romanian Leu in 1952 after a currency reform, and has undergone several redenominations, with the current form established in 2005 to stabilize the economy.
Current Use
The RON is actively used as Romania's primary currency for everyday transactions, banking, and international trade, with coins and banknotes issued by the National Bank of Romania.