Convert São Tomé and Príncipe Dobra (pre-2018) to Panamanian Balboa
Please provide values below to convert São Tomé and Príncipe Dobra (pre-2018) [STD] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to São Tomé and Príncipe Dobra (pre-2018).
How to Convert São Tomé And Príncipe Dobra (Pre-2018) to Panamanian Balboa
1 STD = 22281.8 PAB
Example: convert 15 STD to PAB:
15 STD = 15 × 22281.8 PAB = 334227 PAB
São Tomé And Príncipe Dobra (Pre-2018) to Panamanian Balboa Conversion Table
| São Tomé and Príncipe Dobra (pre-2018) | Panamanian Balboa |
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São Tomé And Príncipe Dobra (Pre-2018)
The São Tomé and Príncipe Dobra (STD) was the official currency of São Tomé and Príncipe before 2018, used for everyday transactions within the country.
History/Origin
The Dobra was introduced in 1977, replacing the Portuguese escudo after independence. It was subdivided into 100 cêntimos. The currency underwent various inflationary pressures and was replaced in 2018 by the new Dobra (STN) at a rate of 1 new Dobra = 1000 old Dobras.
Current Use
The STD is no longer in use since 2018; the country now uses the new São Tomé and Príncipe Dobra (STN). The old STD notes are considered obsolete and are primarily of historical interest.
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.