Convert Panamanian Balboa to Jordanian Dinar
Please provide values below to convert Panamanian Balboa [PAB] to Jordanian Dinar [JOD], or Convert Jordanian Dinar to Panamanian Balboa.
How to Convert Panamanian Balboa to Jordanian Dinar
1 PAB = 1.41043723554302 JOD
Example: convert 15 PAB to JOD:
15 PAB = 15 × 1.41043723554302 JOD = 21.1565585331453 JOD
Panamanian Balboa to Jordanian Dinar 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.
Jordanian Dinar
The Jordanian Dinar (JOD) is the official currency of Jordan, used for everyday transactions and financial exchanges within the country.
History/Origin
The Jordanian Dinar was introduced in 1950, replacing the Palestinian pound at par, and has since undergone various monetary reforms to stabilize and modernize the currency.
Current Use
Today, the Jordanian Dinar is widely used in Jordan for all forms of payment, including cash, banking, and electronic transactions, and is considered a stable currency in the region.