Convert Barbadian Dollar to Panamanian Balboa
Please provide values below to convert Barbadian Dollar [BBD] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Barbadian Dollar.
How to Convert Barbadian Dollar to Panamanian Balboa
1 BBD = 2 PAB
Example: convert 15 BBD to PAB:
15 BBD = 15 × 2 PAB = 30 PAB
Barbadian Dollar to Panamanian Balboa Conversion Table
| Barbadian Dollar | Panamanian Balboa |
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Barbadian Dollar
The Barbadian Dollar (BBD) is the official currency of Barbados, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, replacing the Barbadian Pound, the Barbadian Dollar was initially pegged to the British Pound and later to the US Dollar, maintaining stability through various monetary policies.
Current Use
The BBD is widely used in Barbados for everyday transactions, banking, and trade, and is pegged to the US Dollar at a fixed rate of 2 BBD to 1 USD.
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.