Convert Papua New Guinean Kina to Panamanian Balboa
Please provide values below to convert Papua New Guinean Kina [PGK] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Panamanian Balboa
1 PGK = 4.1994 PAB
Example: convert 15 PGK to PAB:
15 PGK = 15 × 4.1994 PAB = 62.991 PAB
Papua New Guinean Kina to Panamanian Balboa Conversion Table
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Papua New Guinean Kina
The Papua New Guinean Kina (PGK) is the official currency of Papua New Guinea, used for all monetary transactions within the country.
History/Origin
Introduced in 1975, replacing the Australian dollar, the Kina was established to establish a national currency and promote economic independence for Papua New Guinea.
Current Use
The Kina is actively used in everyday transactions, banking, and trade within Papua New Guinea, with coins and banknotes issued by the country's central bank, the Bank of Papua New Guinea.
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.