Convert Jersey Pound to Panamanian Balboa
Please provide values below to convert Jersey Pound [JEP] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Jersey Pound.
How to Convert Jersey Pound to Panamanian Balboa
1 JEP = 0.7403 PAB
Example: convert 15 JEP to PAB:
15 JEP = 15 × 0.7403 PAB = 11.1045 PAB
Jersey Pound to Panamanian Balboa Conversion Table
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Jersey Pound
The Jersey Pound (JEP) is the official currency of Jersey, a British Crown Dependency, used for everyday transactions and financial purposes within the island.
History/Origin
The Jersey Pound was introduced in 1961, replacing the British Pound Sterling in Jersey, and has since been pegged to the British Pound at par, maintaining its value and stability as a local currency.
Current Use
Today, the Jersey Pound is widely used for all local transactions, with banknotes and coins issued specifically for Jersey, and it is accepted alongside the British Pound Sterling within the island.
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.