Convert Panamanian Balboa to Sierra Leonean Leone
Please provide values below to convert Panamanian Balboa [PAB] to Sierra Leonean Leone [SLL], or Convert Sierra Leonean Leone to Panamanian Balboa.
How to Convert Panamanian Balboa to Sierra Leonean Leone
1 PAB = 4.42730153934618e-05 SLL
Example: convert 15 PAB to SLL:
15 PAB = 15 × 4.42730153934618e-05 SLL = 0.000664095230901927 SLL
Panamanian Balboa to Sierra Leonean Leone Conversion Table
| Panamanian Balboa | Sierra Leonean Leone |
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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.
Sierra Leonean Leone
The Sierra Leonean Leone (SLL) is the official currency of Sierra Leone, used for everyday transactions within the country.
History/Origin
Introduced in 1964, replacing the British West African pound, the Leone has undergone several redenominations and inflation adjustments over the years to stabilize the economy.
Current Use
The Leone is actively used in Sierra Leone for all monetary transactions, with coins and banknotes issued by the Bank of Sierra Leone, and it is also used in currency exchange and financial markets.