Convert Panamanian Balboa to Kazakhstani Tenge
Please provide values below to convert Panamanian Balboa [PAB] to Kazakhstani Tenge [KZT], or Convert Kazakhstani Tenge to Panamanian Balboa.
How to Convert Panamanian Balboa to Kazakhstani Tenge
1 PAB = 0.00187017891253585 KZT
Example: convert 15 PAB to KZT:
15 PAB = 15 × 0.00187017891253585 KZT = 0.0280526836880377 KZT
Panamanian Balboa to Kazakhstani Tenge 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.
Kazakhstani Tenge
The Kazakhstani Tenge (KZT) is the official currency of Kazakhstan, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 following Kazakhstan's independence from the Soviet Union, the Tenge replaced the Soviet ruble and has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Tenge is actively used in Kazakhstan for everyday transactions, banking, and trade, and is managed by the National Bank of Kazakhstan. It features modern security features and is available in both cash and digital forms.