Convert Azerbaijani Manat to Panamanian Balboa
Please provide values below to convert Azerbaijani Manat [AZN] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Azerbaijani Manat.
How to Convert Azerbaijani Manat to Panamanian Balboa
1 AZN = 1.7005 PAB
Example: convert 15 AZN to PAB:
15 AZN = 15 × 1.7005 PAB = 25.5075 PAB
Azerbaijani Manat to Panamanian Balboa Conversion Table
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Azerbaijani Manat
The Azerbaijani Manat (AZN) is the official currency of Azerbaijan, used for all monetary transactions within the country.
History/Origin
The Azerbaijani Manat was introduced in 1992, replacing the Soviet ruble, and has undergone several redenominations, with the current version introduced in 2006 to stabilize the economy and control inflation.
Current Use
Today, the AZN is widely used in Azerbaijan for everyday transactions, banking, and trade, and is considered a stable currency within the region.
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.