Convert Panamanian Balboa to Qatari Rial
Please provide values below to convert Panamanian Balboa [PAB] to Qatari Rial [QAR], or Convert Qatari Rial to Panamanian Balboa.
How to Convert Panamanian Balboa to Qatari Rial
1 PAB = 0.274725274725275 QAR
Example: convert 15 PAB to QAR:
15 PAB = 15 × 0.274725274725275 QAR = 4.12087912087912 QAR
Panamanian Balboa to Qatari Rial 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.
Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.