Convert Panamanian Balboa to Nicaraguan Córdoba
Please provide values below to convert Panamanian Balboa [PAB] to Nicaraguan Córdoba [NIO], or Convert Nicaraguan Córdoba to Panamanian Balboa.
How to Convert Panamanian Balboa to Nicaraguan Córdoba
1 PAB = 0.0271841070836346 NIO
Example: convert 15 PAB to NIO:
15 PAB = 15 × 0.0271841070836346 NIO = 0.407761606254519 NIO
Panamanian Balboa to Nicaraguan Córdoba Conversion Table
| Panamanian Balboa | Nicaraguan Córdoba |
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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.
Nicaraguan Córdoba
The Nicaraguan Córdoba (NIO) is the official currency of Nicaragua, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Nicaraguan Córdoba was introduced in 1912, replacing the Nicaraguan peso. It has undergone several redenominations and reforms, with the current version being issued in 1998 to stabilize the economy after periods of inflation.
Current Use
Today, the Nicaraguan Córdoba is the primary legal tender in Nicaragua, used in all financial transactions, banking, and commerce across the country.