Convert Uzbekistan Som to Panamanian Balboa
Please provide values below to convert Uzbekistan Som [UZS] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Uzbekistan Som.
How to Convert Uzbekistan Som to Panamanian Balboa
1 UZS = 12706.4713 PAB
Example: convert 15 UZS to PAB:
15 UZS = 15 × 12706.4713 PAB = 190597.0695 PAB
Uzbekistan Som to Panamanian Balboa Conversion Table
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Uzbekistan Som
The Uzbekistan Som (UZS) is the official currency of Uzbekistan, used for everyday transactions and monetary exchanges within the country.
History/Origin
Introduced in 1993 following Uzbekistan's independence from the Soviet Union, the Som replaced the Russian ruble as the national currency. It has undergone several redenominations and reforms over the years to stabilize the economy.
Current Use
The Uzbekistan Som is actively used for all forms of financial transactions in Uzbekistan, including cash payments, banking, and electronic transfers. It is managed and issued by the Central Bank of Uzbekistan.
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.