Convert Panamanian Balboa to Rwandan Franc
Please provide values below to convert Panamanian Balboa [PAB] to Rwandan Franc [RWF], or Convert Rwandan Franc to Panamanian Balboa.
How to Convert Panamanian Balboa to Rwandan Franc
1 PAB = 0.000690907477954179 RWF
Example: convert 15 PAB to RWF:
15 PAB = 15 × 0.000690907477954179 RWF = 0.0103636121693127 RWF
Panamanian Balboa to Rwandan Franc Conversion Table
| Panamanian Balboa | Rwandan Franc |
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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.
Rwandan Franc
The Rwandan Franc (RWF) is the official currency of Rwanda, used for all monetary transactions within the country.
History/Origin
The Rwandan Franc was introduced in 1964, replacing the Rwandan Congolese franc, and has undergone various redenominations and updates since then to stabilize the economy and facilitate trade.
Current Use
Today, the Rwandan Franc is widely used in Rwanda for everyday transactions, banking, and trade, with coins and banknotes issued by the National Bank of Rwanda.