Convert Panamanian Balboa to Surinamese Dollar
Please provide values below to convert Panamanian Balboa [PAB] to Surinamese Dollar [SRD], or Convert Surinamese Dollar to Panamanian Balboa.
How to Convert Panamanian Balboa to Surinamese Dollar
1 PAB = 0.0270781095147061 SRD
Example: convert 15 PAB to SRD:
15 PAB = 15 × 0.0270781095147061 SRD = 0.406171642720592 SRD
Panamanian Balboa to Surinamese Dollar 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.
Surinamese Dollar
The Surinamese Dollar (SRD) is the official currency of Suriname, used for everyday transactions and financial exchanges within the country.
History/Origin
The Surinamese Dollar was introduced in 2004, replacing the Surinamese Guilder at a rate of 1 SRD = 100 Guilder, to stabilize the economy and modernize the currency system.
Current Use
Today, the Surinamese Dollar is widely used in Suriname for all forms of payment, including cash transactions, banking, and electronic payments.