Convert Panamanian Balboa to Lesotho Loti
Please provide values below to convert Panamanian Balboa [PAB] to Lesotho Loti [LSL], or Convert Lesotho Loti to Panamanian Balboa.
How to Convert Panamanian Balboa to Lesotho Loti
1 PAB = 0.0569258881861704 LSL
Example: convert 15 PAB to LSL:
15 PAB = 15 × 0.0569258881861704 LSL = 0.853888322792556 LSL
Panamanian Balboa to Lesotho Loti 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.
Lesotho Loti
The Lesotho Loti (LSL) is the official currency of Lesotho, used for all monetary transactions within the country.
History/Origin
Introduced in 1980, the Loti replaced the South African Rand at par and has since been managed by the Central Bank of Lesotho, reflecting the country's monetary independence.
Current Use
The Loti is actively used in Lesotho for everyday transactions, banking, and trade, and is pegged at par to the South African Rand.