Convert Panamanian Balboa to Algerian Dinar
Please provide values below to convert Panamanian Balboa [PAB] to Algerian Dinar [DZD], or Convert Algerian Dinar to Panamanian Balboa.
How to Convert Panamanian Balboa to Algerian Dinar
1 PAB = 0.0076922544382385 DZD
Example: convert 15 PAB to DZD:
15 PAB = 15 × 0.0076922544382385 DZD = 0.115383816573578 DZD
Panamanian Balboa to Algerian Dinar Conversion Table
| Panamanian Balboa | Algerian Dinar |
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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.
Algerian Dinar
The Algerian Dinar (DZD) is the official currency of Algeria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Algerian Dinar was introduced in 1964, replacing the Algerian franc after independence, and has undergone several reforms to stabilize the economy and control inflation.
Current Use
Today, the Dinar remains the official currency of Algeria, used in all financial transactions, banking, and commerce across the country.