Convert Sudanese Pound to Panamanian Balboa
Please provide values below to convert Sudanese Pound [SDG] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Sudanese Pound.
How to Convert Sudanese Pound to Panamanian Balboa
1 SDG = 448.9989 PAB
Example: convert 15 SDG to PAB:
15 SDG = 15 × 448.9989 PAB = 6734.9835 PAB
Sudanese Pound to Panamanian Balboa Conversion Table
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Sudanese Pound
The Sudanese Pound (SDG) is the official currency of Sudan, used for everyday transactions and financial exchanges within the country.
History/Origin
The Sudanese Pound was introduced in 1956, replacing the Sudanese Piastre. It has undergone several redenominations and reforms, notably in 2007 when the currency was revalued following economic challenges and the country's separation from South Sudan.
Current Use
Today, the Sudanese Pound is the legal tender in Sudan, used in banking, commerce, and daily transactions. It exists in both banknotes and coins, with ongoing efforts to stabilize and modernize the currency system.
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.