Convert Panamanian Balboa to Brunei Dollar
Please provide values below to convert Panamanian Balboa [PAB] to Brunei Dollar [BND], or Convert Brunei Dollar to Panamanian Balboa.
How to Convert Panamanian Balboa to Brunei Dollar
1 PAB = 0.781494216942795 BND
Example: convert 15 PAB to BND:
15 PAB = 15 × 0.781494216942795 BND = 11.7224132541419 BND
Panamanian Balboa to Brunei Dollar Conversion Table
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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.
Brunei Dollar
The Brunei Dollar (BND) is the official currency of Brunei, used for all monetary transactions within the country.
History/Origin
Introduced in 1967, the Brunei Dollar replaced the Malayan dollar and has been pegged to the Singapore Dollar since 1967, maintaining a fixed exchange rate.
Current Use
The Brunei Dollar is widely used in Brunei for everyday transactions, banking, and trade, and is also accepted in some neighboring regions due to its peg to the Singapore Dollar.