Convert Panamanian Balboa to Belize Dollar
Please provide values below to convert Panamanian Balboa [PAB] to Belize Dollar [BZD], or Convert Belize Dollar to Panamanian Balboa.
How to Convert Panamanian Balboa to Belize Dollar
1 PAB = 0.5 BZD
Example: convert 15 PAB to BZD:
15 PAB = 15 × 0.5 BZD = 7.5 BZD
Panamanian Balboa to Belize Dollar Conversion Table
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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.
Belize Dollar
The Belize Dollar (BZD) is the official currency of Belize, used for all monetary transactions within the country.
History/Origin
The Belize Dollar was introduced in 1973, replacing the Belizean dollar at par with the British dollar, and has since been the country's standard currency, maintaining stability through pegging to the US dollar.
Current Use
The Belize Dollar is widely used in Belize for everyday transactions, banking, and trade, and is pegged to the US dollar at a rate of 2 BZD to 1 USD.