Convert Guinean Franc to Panamanian Balboa
Please provide values below to convert Guinean Franc [GNF] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Guinean Franc.
How to Convert Guinean Franc to Panamanian Balboa
1 GNF = 8695.1742 PAB
Example: convert 15 GNF to PAB:
15 GNF = 15 × 8695.1742 PAB = 130427.613 PAB
Guinean Franc to Panamanian Balboa Conversion Table
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Guinean Franc
The Guinean Franc (GNF) is the official currency of Guinea, used for all monetary transactions within the country.
History/Origin
The Guinean Franc was introduced in 1959, replacing the French CFA franc, following Guinea's independence, and has undergone various redenominations since then.
Current Use
Today, the GNF is used exclusively within Guinea for everyday transactions, banking, and trade, and is issued by the Central Bank of the Republic of Guinea.
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.