Convert Kuwaiti Dinar to Panamanian Balboa
Please provide values below to convert Kuwaiti Dinar [KWD] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Panamanian Balboa
1 KWD = 0.3054 PAB
Example: convert 15 KWD to PAB:
15 KWD = 15 × 0.3054 PAB = 4.581 PAB
Kuwaiti Dinar to Panamanian Balboa Conversion Table
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Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.
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.