Convert Bangladeshi Taka to Panamanian Balboa
Please provide values below to convert Bangladeshi Taka [BDT] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Bangladeshi Taka.
How to Convert Bangladeshi Taka to Panamanian Balboa
1 BDT = 121.6632 PAB
Example: convert 15 BDT to PAB:
15 BDT = 15 × 121.6632 PAB = 1824.948 PAB
Bangladeshi Taka to Panamanian Balboa Conversion Table
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Bangladeshi Taka
The Bangladeshi Taka (BDT) is the official currency of Bangladesh, used for all monetary transactions within the country.
History/Origin
The Taka was introduced in 1972, replacing the Pakistani Rupee after Bangladesh gained independence. It has undergone various denominations and reforms over the years to stabilize and modernize the currency.
Current Use
The BDT is actively used in everyday transactions, banking, and international trade involving Bangladesh. It is managed by the Bangladesh Bank, the country's central 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.