Convert Panamanian Balboa to Armenian Dram
Please provide values below to convert Panamanian Balboa [PAB] to Armenian Dram [AMD], or Convert Armenian Dram to Panamanian Balboa.
How to Convert Panamanian Balboa to Armenian Dram
1 PAB = 0.00260380728701507 AMD
Example: convert 15 PAB to AMD:
15 PAB = 15 × 0.00260380728701507 AMD = 0.0390571093052261 AMD
Panamanian Balboa to Armenian Dram Conversion Table
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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.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.