Convert Lebanese Pound to Panamanian Balboa
Please provide values below to convert Lebanese Pound [LBP] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Lebanese Pound.
How to Convert Lebanese Pound to Panamanian Balboa
1 LBP = 89500 PAB
Example: convert 15 LBP to PAB:
15 LBP = 15 × 89500 PAB = 1342500 PAB
Lebanese Pound to Panamanian Balboa Conversion Table
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Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.
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.