Convert Rwandan Franc to Panamanian Balboa
Please provide values below to convert Rwandan Franc [RWF] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Rwandan Franc.
How to Convert Rwandan Franc to Panamanian Balboa
1 RWF = 1447.3718 PAB
Example: convert 15 RWF to PAB:
15 RWF = 15 × 1447.3718 PAB = 21710.577 PAB
Rwandan Franc to Panamanian Balboa Conversion Table
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Rwandan Franc
The Rwandan Franc (RWF) is the official currency of Rwanda, used for all monetary transactions within the country.
History/Origin
The Rwandan Franc was introduced in 1964, replacing the Rwandan Congolese franc, and has undergone various redenominations and updates since then to stabilize the economy and facilitate trade.
Current Use
Today, the Rwandan Franc is widely used in Rwanda for everyday transactions, banking, and trade, with coins and banknotes issued by the National Bank of Rwanda.
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.