Convert Macedonian Denar to Panamanian Balboa
Please provide values below to convert Macedonian Denar [MKD] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Macedonian Denar.
How to Convert Macedonian Denar to Panamanian Balboa
1 MKD = 52.8458 PAB
Example: convert 15 MKD to PAB:
15 MKD = 15 × 52.8458 PAB = 792.687 PAB
Macedonian Denar to Panamanian Balboa Conversion Table
| Macedonian Denar | Panamanian Balboa |
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Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.
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.