Convert Panamanian Balboa to Mauritanian Ouguiya
Please provide values below to convert Panamanian Balboa [PAB] to Mauritanian Ouguiya [MRU], or Convert Mauritanian Ouguiya to Panamanian Balboa.
How to Convert Panamanian Balboa to Mauritanian Ouguiya
1 PAB = 0.025024210924069 MRU
Example: convert 15 PAB to MRU:
15 PAB = 15 × 0.025024210924069 MRU = 0.375363163861036 MRU
Panamanian Balboa to Mauritanian Ouguiya Conversion Table
| Panamanian Balboa | Mauritanian Ouguiya |
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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.
Mauritanian Ouguiya
The Mauritanian Ouguiya (MRU) is the official currency of Mauritania, used for all monetary transactions within the country.
History/Origin
The Ouguiya was introduced in 1973, replacing the CFA franc at par, and has undergone various redenominations and updates since its inception to modernize the currency system.
Current Use
Today, the MRU is actively used in Mauritania for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of West African States (BCEAO).