Convert Panamanian Balboa to Manx pound
Please provide values below to convert Panamanian Balboa [PAB] to Manx pound [IMP], or Convert Manx pound to Panamanian Balboa.
How to Convert Panamanian Balboa to Manx Pound
1 PAB = 1.35080372821829 IMP
Example: convert 15 PAB to IMP:
15 PAB = 15 × 1.35080372821829 IMP = 20.2620559232743 IMP
Panamanian Balboa to Manx Pound Conversion Table
| Panamanian Balboa | Manx pound |
|---|
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.
Manx Pound
The Manx pound (IMP) is the official currency of the Isle of Man, subdivided into 100 pence, and used as the island's legal tender.
History/Origin
The Manx pound has been in use since the Isle of Man established its own currency system, historically linked to the British pound, with banknotes issued by local banks since the 19th century.
Current Use
Today, the Manx pound is pegged to the British pound at par and is used alongside British currency for everyday transactions and local commerce on the Isle of Man.