Convert Gambian Dalasi to Panamanian Balboa
Please provide values below to convert Gambian Dalasi [GMD] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Gambian Dalasi.
How to Convert Gambian Dalasi to Panamanian Balboa
1 GMD = 72.7809 PAB
Example: convert 15 GMD to PAB:
15 GMD = 15 × 72.7809 PAB = 1091.7135 PAB
Gambian Dalasi to Panamanian Balboa Conversion Table
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Gambian Dalasi
The Gambian Dalasi (GMD) is the official currency of The Gambia, used for all monetary transactions within the country.
History/Origin
The Dalasi was introduced in 1979, replacing the Gambian Pound at a rate of 1 Dalasi = 10 Pounds, to modernize the country's currency system.
Current Use
The Gambian Dalasi is actively used as the primary currency in The Gambia, with coins and banknotes circulating for everyday transactions and trade.
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.