Convert Panamanian Balboa to Albanian Lek
Please provide values below to convert Panamanian Balboa [PAB] to Albanian Lek [ALL], or Convert Albanian Lek to Panamanian Balboa.
How to Convert Panamanian Balboa to Albanian Lek
1 PAB = 0.0119909396460035 ALL
Example: convert 15 PAB to ALL:
15 PAB = 15 × 0.0119909396460035 ALL = 0.179864094690052 ALL
Panamanian Balboa to Albanian Lek Conversion Table
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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.
Albanian Lek
The Albanian Lek (ALL) is the official currency of Albania, used for everyday transactions and financial exchanges within the country.
History/Origin
The Albanian Lek was introduced in 1926, replacing the Albanian franc, and has undergone several reforms, with the current version issued since 1992 to stabilize the economy after the fall of communism.
Current Use
The Albanian Lek is actively used as the primary currency in Albania for all forms of payment, banking, and financial transactions.