Convert United Arab Emirates Dirham to Panamanian Balboa
Please provide values below to convert United Arab Emirates Dirham [AED] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to United Arab Emirates Dirham.
How to Convert United Arab Emirates Dirham to Panamanian Balboa
1 AED = 3.6725 PAB
Example: convert 15 AED to PAB:
15 AED = 15 × 3.6725 PAB = 55.0875 PAB
United Arab Emirates Dirham to Panamanian Balboa Conversion Table
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United Arab Emirates Dirham
The United Arab Emirates Dirham (AED) is the official currency of the United Arab Emirates, used for all monetary transactions within the country.
History/Origin
The AED was introduced in 1973, replacing the Qatar and Dubai riyal at par, to unify the various currencies used in the emirates and establish a national monetary system.
Current Use
The AED is widely used across the UAE for everyday transactions, banking, and international trade, and is recognized as a stable and reliable currency in the region.
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.