Convert Jordanian Dinar to Panamanian Balboa
Please provide values below to convert Jordanian Dinar [JOD] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Jordanian Dinar.
How to Convert Jordanian Dinar to Panamanian Balboa
1 JOD = 0.709 PAB
Example: convert 15 JOD to PAB:
15 JOD = 15 × 0.709 PAB = 10.635 PAB
Jordanian Dinar to Panamanian Balboa Conversion Table
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Jordanian Dinar
The Jordanian Dinar (JOD) is the official currency of Jordan, used for everyday transactions and financial exchanges within the country.
History/Origin
The Jordanian Dinar was introduced in 1950, replacing the Palestinian pound at par, and has since undergone various monetary reforms to stabilize and modernize the currency.
Current Use
Today, the Jordanian Dinar is widely used in Jordan for all forms of payment, including cash, banking, and electronic transactions, and is considered a stable currency in the region.
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.