Convert Panamanian Balboa to Serbian Dinar
Please provide values below to convert Panamanian Balboa [PAB] to Serbian Dinar [RSD], or Convert Serbian Dinar to Panamanian Balboa.
How to Convert Panamanian Balboa to Serbian Dinar
1 PAB = 0.0100033110959728 RSD
Example: convert 15 PAB to RSD:
15 PAB = 15 × 0.0100033110959728 RSD = 0.150049666439592 RSD
Panamanian Balboa to Serbian 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.
Serbian Dinar
The Serbian Dinar (RSD) is the official currency of Serbia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Serbian Dinar has been the official currency of Serbia since 2006, following the monetary reform that replaced the Yugoslav Dinar. It has undergone several changes and revaluations throughout its history, reflecting economic shifts and reforms.
Current Use
The Serbian Dinar is actively used as Serbia's legal tender for all financial transactions, including cash payments, banking, and electronic transfers within the country.