Convert Panamanian Balboa to Chilean Peso
Please provide values below to convert Panamanian Balboa [PAB] to Chilean Peso [CLP], or Convert Chilean Peso to Panamanian Balboa.
How to Convert Panamanian Balboa to Chilean Peso
1 PAB = 0.00104778913872257 CLP
Example: convert 15 PAB to CLP:
15 PAB = 15 × 0.00104778913872257 CLP = 0.0157168370808385 CLP
Panamanian Balboa to Chilean Peso Conversion Table
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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.
Chilean Peso
The Chilean Peso (CLP) is the official currency of Chile, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Chilean Peso was introduced in 1975, replacing the Chilean Escudo, as part of monetary reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Chilean Peso remains the official currency of Chile, widely used in all financial transactions, banking, and commerce across the country.