Convert Panamanian Balboa to Mauritian Rupee
Please provide values below to convert Panamanian Balboa [PAB] to Mauritian Rupee [MUR], or Convert Mauritian Rupee to Panamanian Balboa.
How to Convert Panamanian Balboa to Mauritian Rupee
1 PAB = 0.0220006512192761 MUR
Example: convert 15 PAB to MUR:
15 PAB = 15 × 0.0220006512192761 MUR = 0.330009768289141 MUR
Panamanian Balboa to Mauritian Rupee 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.
Mauritian Rupee
The Mauritian Rupee (MUR) is the official currency of Mauritius, used for all monetary transactions within the country.
History/Origin
The Mauritian Rupee was introduced in 1876, replacing the Indian Rupee, and has undergone various reforms to modernize and stabilize the currency over the years.
Current Use
Today, the Mauritian Rupee is widely used in Mauritius for everyday transactions, banking, and trade, and is managed by the Bank of Mauritius.