Convert Afghan Afghani to Panamanian Balboa
Please provide values below to convert Afghan Afghani [AFN] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Afghan Afghani.
How to Convert Afghan Afghani to Panamanian Balboa
1 AFN = 68.9478 PAB
Example: convert 15 AFN to PAB:
15 AFN = 15 × 68.9478 PAB = 1034.217 PAB
Afghan Afghani to Panamanian Balboa Conversion Table
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Afghan Afghani
The Afghan Afghani (AFN) is the official currency of Afghanistan, used for all monetary transactions within the country.
History/Origin
The Afghani was introduced in 1925, replacing the Afghan rupee, and has undergone several reforms and redenominations over the years, especially during periods of economic instability and conflict.
Current Use
Today, the Afghani remains the official currency of Afghanistan, widely used in everyday transactions, with coins and banknotes issued by the central bank, the Da Afghanistan Bank.
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.