Convert Nicaraguan Córdoba to Panamanian Balboa
Please provide values below to convert Nicaraguan Córdoba [NIO] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Nicaraguan Córdoba.
How to Convert Nicaraguan Córdoba to Panamanian Balboa
1 NIO = 36.7862 PAB
Example: convert 15 NIO to PAB:
15 NIO = 15 × 36.7862 PAB = 551.793 PAB
Nicaraguan Córdoba to Panamanian Balboa Conversion Table
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Nicaraguan Córdoba
The Nicaraguan Córdoba (NIO) is the official currency of Nicaragua, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Nicaraguan Córdoba was introduced in 1912, replacing the Nicaraguan peso. It has undergone several redenominations and reforms, with the current version being issued in 1998 to stabilize the economy after periods of inflation.
Current Use
Today, the Nicaraguan Córdoba is the primary legal tender in Nicaragua, used in all financial transactions, banking, and commerce across the country.
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.