Convert Panamanian Balboa to Indian Rupee
Please provide values below to convert Panamanian Balboa [PAB] to Indian Rupee [INR], or Convert Indian Rupee to Panamanian Balboa.
How to Convert Panamanian Balboa to Indian Rupee
1 PAB = 0.011575775605905 INR
Example: convert 15 PAB to INR:
15 PAB = 15 × 0.011575775605905 INR = 0.173636634088576 INR
Panamanian Balboa to Indian Rupee 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.
Indian Rupee
The Indian Rupee (INR) is the official currency of India, used for everyday transactions and financial exchanges within the country.
History/Origin
The Indian Rupee has a history dating back to ancient India, where it was used as a silver coin. It was formally adopted as the official currency during British rule and has evolved through various denominations and reforms to its current form.
Current Use
Today, the INR is widely used across India for all forms of monetary transactions, both cash and digital, and is managed by the Reserve Bank of India. It is also accepted in some neighboring countries and is a recognized currency in international trade.