Convert Panamanian Balboa to Djiboutian Franc
Please provide values below to convert Panamanian Balboa [PAB] to Djiboutian Franc [DJF], or Convert Djiboutian Franc to Panamanian Balboa.
How to Convert Panamanian Balboa to Djiboutian Franc
1 PAB = 0.0056267970583105 DJF
Example: convert 15 PAB to DJF:
15 PAB = 15 × 0.0056267970583105 DJF = 0.0844019558746575 DJF
Panamanian Balboa to Djiboutian Franc 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.
Djiboutian Franc
The Djiboutian Franc (DJF) is the official currency of Djibouti, used for all monetary transactions within the country.
History/Origin
The Djiboutian Franc was introduced in 1949, replacing the French Franc at par, and has been the country's official currency since then, with its value maintained by the Central Bank of Djibouti.
Current Use
The DJF is widely used in Djibouti for everyday transactions, banking, and trade, and is pegged to the US dollar at a fixed rate to ensure stability.