Convert Myanma Kyat to Panamanian Balboa
Please provide values below to convert Myanma Kyat [MMK] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Myanma Kyat.
How to Convert Myanma Kyat to Panamanian Balboa
1 MMK = 2101.8407 PAB
Example: convert 15 MMK to PAB:
15 MMK = 15 × 2101.8407 PAB = 31527.6105 PAB
Myanma Kyat to Panamanian Balboa Conversion Table
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Myanma Kyat
The Myanma Kyat (MMK) is the official currency of Myanmar, used for all monetary transactions within the country.
History/Origin
The Kyat was introduced in 1952, replacing the Indian Rupee, and has undergone several reforms and redenominations over the years to stabilize Myanmar's economy.
Current Use
Today, the Kyat is the primary currency in Myanmar, used in everyday transactions, banking, and financial markets, with banknotes and coins issued by the Central Bank of Myanmar.
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.