Convert Pakistani Rupee to Panamanian Balboa
Please provide values below to convert Pakistani Rupee [PKR] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Pakistani Rupee.
How to Convert Pakistani Rupee to Panamanian Balboa
1 PKR = 284.8368 PAB
Example: convert 15 PKR to PAB:
15 PKR = 15 × 284.8368 PAB = 4272.552 PAB
Pakistani Rupee to Panamanian Balboa Conversion Table
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Pakistani Rupee
The Pakistani Rupee (PKR) is the official currency of Pakistan, used for all monetary transactions within the country.
History/Origin
The Pakistani Rupee was introduced in 1947, replacing the Indian Rupee at independence, and has undergone various reforms and devaluations over the years to stabilize the economy.
Current Use
Today, the PKR is widely used across Pakistan for everyday transactions, banking, and trade, with the central bank managing its issuance and regulation.
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.