Convert Albanian Lek to Panamanian Balboa
Please provide values below to convert Albanian Lek [ALL] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Albanian Lek.
How to Convert Albanian Lek to Panamanian Balboa
1 ALL = 83.3963 PAB
Example: convert 15 ALL to PAB:
15 ALL = 15 × 83.3963 PAB = 1250.9445 PAB
Albanian Lek to Panamanian Balboa Conversion Table
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Albanian Lek
The Albanian Lek (ALL) is the official currency of Albania, used for everyday transactions and financial exchanges within the country.
History/Origin
The Albanian Lek was introduced in 1926, replacing the Albanian franc, and has undergone several reforms, with the current version issued since 1992 to stabilize the economy after the fall of communism.
Current Use
The Albanian Lek is actively used as the primary currency in Albania for all forms of payment, banking, and financial transactions.
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.