Convert Solomon Islands Dollar to Panamanian Balboa
Please provide values below to convert Solomon Islands Dollar [SBD] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Solomon Islands Dollar.
How to Convert Solomon Islands Dollar to Panamanian Balboa
1 SBD = 8.2405 PAB
Example: convert 15 SBD to PAB:
15 SBD = 15 × 8.2405 PAB = 123.6075 PAB
Solomon Islands Dollar to Panamanian Balboa Conversion Table
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Solomon Islands Dollar
The Solomon Islands Dollar (SBD) is the official currency of the Solomon Islands, used for all monetary transactions within the country.
History/Origin
The Solomon Islands Dollar was introduced in 1977, replacing the Australian dollar at par, to establish a distinct national currency following independence from British rule.
Current Use
The SBD is widely used in the Solomon Islands for everyday transactions, banking, and trade, and is pegged to a basket of currencies to maintain stability.
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.