Convert Bulgarian Lev to Panamanian Balboa
Please provide values below to convert Bulgarian Lev [BGN] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Bulgarian Lev.
How to Convert Bulgarian Lev to Panamanian Balboa
1 BGN = 1.6676 PAB
Example: convert 15 BGN to PAB:
15 BGN = 15 × 1.6676 PAB = 25.014 PAB
Bulgarian Lev to Panamanian Balboa Conversion Table
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Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.
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.