Convert Panamanian Balboa to Indonesian Rupiah
Please provide values below to convert Panamanian Balboa [PAB] to Indonesian Rupiah [IDR], or Convert Indonesian Rupiah to Panamanian Balboa.
How to Convert Panamanian Balboa to Indonesian Rupiah
1 PAB = 6.139512866e-05 IDR
Example: convert 15 PAB to IDR:
15 PAB = 15 × 6.139512866e-05 IDR = 0.0009209269299 IDR
Panamanian Balboa to Indonesian Rupiah Conversion Table
Panamanian Balboa | Indonesian Rupiah |
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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.
Indonesian Rupiah
The Indonesian Rupiah (IDR) is the official currency of Indonesia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Rupiah was introduced in 1946 to replace the Dutch East Indies gulden. It has undergone various reforms and redenominations over the years, especially following Indonesia's independence and economic changes, to stabilize the economy and control inflation.
Current Use
Today, the Rupiah is widely used across Indonesia for all forms of financial transactions, including cash payments, banking, and digital transactions. It remains the official legal tender of Indonesia.