Convert Kenyan Shilling to Panamanian Balboa
Please provide values below to convert Kenyan Shilling [KES] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Kenyan Shilling.
How to Convert Kenyan Shilling to Panamanian Balboa
1 KES = 129.1614 PAB
Example: convert 15 KES to PAB:
15 KES = 15 × 129.1614 PAB = 1937.421 PAB
Kenyan Shilling to Panamanian Balboa Conversion Table
| Kenyan Shilling | Panamanian Balboa |
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Kenyan Shilling
The Kenyan Shilling (KES) is the official currency of Kenya, used as the country's legal tender for all transactions.
History/Origin
Introduced in 1966, replacing the East African shilling, the Kenyan Shilling has undergone various denominations and reforms to stabilize and modernize Kenya's currency system.
Current Use
The KES is widely used in Kenya for everyday transactions, banking, and trade, and is also accepted in some neighboring regions for cross-border commerce.
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.