Convert Panamanian Balboa to Georgian Lari
Please provide values below to convert Panamanian Balboa [PAB] to Georgian Lari [GEL], or Convert Georgian Lari to Panamanian Balboa.
How to Convert Panamanian Balboa to Georgian Lari
1 PAB = 0.369085406363032 GEL
Example: convert 15 PAB to GEL:
15 PAB = 15 × 0.369085406363032 GEL = 5.53628109544549 GEL
Panamanian Balboa to Georgian Lari 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.
Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.