Convert Panamanian Balboa to Malagasy Ariary
Please provide values below to convert Panamanian Balboa [PAB] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Panamanian Balboa.
How to Convert Panamanian Balboa to Malagasy Ariary
1 PAB = 0.000225821750672283 MGA
Example: convert 15 PAB to MGA:
15 PAB = 15 × 0.000225821750672283 MGA = 0.00338732626008424 MGA
Panamanian Balboa to Malagasy Ariary Conversion Table
| Panamanian Balboa | Malagasy Ariary |
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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.
Malagasy Ariary
The Malagasy Ariary (MGA) is the official currency of Madagascar, used for all monetary transactions within the country.
History/Origin
The Ariary was introduced in 1961, replacing the Malagasy franc, and was initially pegged to the French franc. It was revalued in 2005, establishing the current decimal system and modernizing the currency.
Current Use
The MGA is actively used as Madagascar's legal tender, with coins and banknotes circulating throughout the country for everyday transactions and commerce.