Convert South Sudanese Pound to Panamanian Balboa
Please provide values below to convert South Sudanese Pound [SSP] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to South Sudanese Pound.
How to Convert South Sudanese Pound to Panamanian Balboa
1 SSP = 4700.7014 PAB
Example: convert 15 SSP to PAB:
15 SSP = 15 × 4700.7014 PAB = 70510.521 PAB
South Sudanese Pound to Panamanian Balboa Conversion Table
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South Sudanese Pound
The South Sudanese Pound (SSP) is the official currency of South Sudan, used for all monetary transactions within the country.
History/Origin
The South Sudanese Pound was introduced in 2011 following South Sudan's independence, replacing the Sudanese Pound as the national currency.
Current Use
The SSP is actively used in South Sudan for everyday transactions, banking, and trade, with ongoing efforts to stabilize and modernize its monetary system.
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.