Convert Panamanian Balboa to Japanese Yen
Please provide values below to convert Panamanian Balboa [PAB] to Japanese Yen [JPY], or Convert Japanese Yen to Panamanian Balboa.
How to Convert Panamanian Balboa to Japanese Yen
1 PAB = 0.00681054162875465 JPY
Example: convert 15 PAB to JPY:
15 PAB = 15 × 0.00681054162875465 JPY = 0.10215812443132 JPY
Panamanian Balboa to Japanese Yen 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.
Japanese Yen
The Japanese Yen (JPY) is the official currency of Japan, used as the country's primary medium of exchange.
History/Origin
Introduced in 1871 during the Meiji Restoration, the Yen replaced the previous complex monetary system and has undergone various reforms, including decimalization in 1954, to modernize Japan's currency system.
Current Use
The Yen is widely used in Japan for everyday transactions, banking, and international trade, and is one of the most traded currencies globally.