Convert Panamanian Balboa to Angolan Kwanza
Please provide values below to convert Panamanian Balboa [PAB] to Angolan Kwanza [AOA], or Convert Angolan Kwanza to Panamanian Balboa.
How to Convert Panamanian Balboa to Angolan Kwanza
1 PAB = 0.00108754734365474 AOA
Example: convert 15 PAB to AOA:
15 PAB = 15 × 0.00108754734365474 AOA = 0.0163132101548211 AOA
Panamanian Balboa to Angolan Kwanza Conversion Table
| Panamanian Balboa | Angolan Kwanza |
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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.
Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.