Convert Mauritian Rupee to Panamanian Balboa
Please provide values below to convert Mauritian Rupee [MUR] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Mauritian Rupee.
How to Convert Mauritian Rupee to Panamanian Balboa
1 MUR = 45.4532 PAB
Example: convert 15 MUR to PAB:
15 MUR = 15 × 45.4532 PAB = 681.798 PAB
Mauritian Rupee to Panamanian Balboa Conversion Table
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Mauritian Rupee
The Mauritian Rupee (MUR) is the official currency of Mauritius, used for all monetary transactions within the country.
History/Origin
The Mauritian Rupee was introduced in 1876, replacing the Indian Rupee, and has undergone various reforms to modernize and stabilize the currency over the years.
Current Use
Today, the Mauritian Rupee is widely used in Mauritius for everyday transactions, banking, and trade, and is managed by the Bank of Mauritius.
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.