Convert Jamaican Dollar to Panamanian Balboa
Please provide values below to convert Jamaican Dollar [JMD] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Jamaican Dollar.
How to Convert Jamaican Dollar to Panamanian Balboa
1 JMD = 160.0775 PAB
Example: convert 15 JMD to PAB:
15 JMD = 15 × 160.0775 PAB = 2401.1625 PAB
Jamaican Dollar to Panamanian Balboa Conversion Table
| Jamaican Dollar | Panamanian Balboa |
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Jamaican Dollar
The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country.
History/Origin
The Jamaican Dollar was introduced in 1969, replacing the Jamaican Pound at a rate of 1 dollar = 1.5 pounds. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Jamaican Dollar is widely used in everyday transactions, banking, and commerce across Jamaica, with coins and banknotes issued by the Bank of Jamaica.
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.