Convert Panamanian Balboa to Ethiopian Birr
Please provide values below to convert Panamanian Balboa [PAB] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to Panamanian Balboa.
How to Convert Panamanian Balboa to Ethiopian Birr
1 PAB = 0.00731865114331968 ETB
Example: convert 15 PAB to ETB:
15 PAB = 15 × 0.00731865114331968 ETB = 0.109779767149795 ETB
Panamanian Balboa to Ethiopian Birr 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.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.