Convert Tajikistani Somoni to Panamanian Balboa
Please provide values below to convert Tajikistani Somoni [TJS] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Tajikistani Somoni.
How to Convert Tajikistani Somoni to Panamanian Balboa
1 TJS = 9.666 PAB
Example: convert 15 TJS to PAB:
15 TJS = 15 × 9.666 PAB = 144.99 PAB
Tajikistani Somoni to Panamanian Balboa Conversion Table
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Tajikistani Somoni
The Tajikistani Somoni (TJS) is the official currency of Tajikistan, used for all monetary transactions within the country.
History/Origin
The Somoni was introduced in 2000, replacing the Tajik ruble at a rate of 1 Somoni = 1000 rubles, named after the Persian Samanid ruler Ismail Samani (also known as Sultan Ahmad).
Current Use
The TJS is actively used as Tajikistan's primary currency for everyday transactions, banking, and trade, with coins and banknotes issued by the National Bank of Tajikistan.
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.