Convert Belarusian Ruble to Panamanian Balboa
Please provide values below to convert Belarusian Ruble [BYN] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Belarusian Ruble.
How to Convert Belarusian Ruble to Panamanian Balboa
1 BYN = 3.131 PAB
Example: convert 15 BYN to PAB:
15 BYN = 15 × 3.131 PAB = 46.965 PAB
Belarusian Ruble to Panamanian Balboa Conversion Table
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Belarusian Ruble
The Belarusian Ruble (BYN) is the official currency of Belarus, used for all monetary transactions within the country.
History/Origin
The Belarusian Ruble has undergone several reforms and redenominations since its initial introduction in 1992 following independence from the Soviet Union, with the current version introduced in 2016 to stabilize the economy and replace the previous ruble at a rate of 1 new BYN = 10,000 old rubles.
Current Use
Today, the Belarusian Ruble is the sole legal tender in Belarus, used in everyday transactions, banking, and electronic payments across the country.
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.