Convert Georgian Lari to Panamanian Balboa
Please provide values below to convert Georgian Lari [GEL] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Georgian Lari.
How to Convert Georgian Lari to Panamanian Balboa
1 GEL = 2.7094 PAB
Example: convert 15 GEL to PAB:
15 GEL = 15 × 2.7094 PAB = 40.641 PAB
Georgian Lari to Panamanian Balboa Conversion Table
| Georgian Lari | Panamanian Balboa |
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Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.
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.