Convert Panamanian Balboa to Kyrgystani Som
Please provide values below to convert Panamanian Balboa [PAB] to Kyrgystani Som [KGS], or Convert Kyrgystani Som to Panamanian Balboa.
How to Convert Panamanian Balboa to Kyrgystani Som
1 PAB = 0.0114551211264508 KGS
Example: convert 15 PAB to KGS:
15 PAB = 15 × 0.0114551211264508 KGS = 0.171826816896762 KGS
Panamanian Balboa to Kyrgystani Som Conversion Table
| Panamanian Balboa | Kyrgystani Som |
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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.
Kyrgystani Som
The Kyrgystani Som (KGS) is the official currency of Kyrgyzstan, used for all monetary transactions within the country.
History/Origin
The Som was introduced in 1993, replacing the Soviet ruble, as part of Kyrgyzstan's independence and economic transition to establish a national currency.
Current Use
The Kyrgystani Som is actively used in everyday transactions, banking, and financial markets within Kyrgyzstan, with ongoing efforts to stabilize and modernize its economy.