Convert Panamanian Balboa to Sri Lankan Rupee
Please provide values below to convert Panamanian Balboa [PAB] to Sri Lankan Rupee [LKR], or Convert Sri Lankan Rupee to Panamanian Balboa.
How to Convert Panamanian Balboa to Sri Lankan Rupee
1 PAB = 0.00331633380624253 LKR
Example: convert 15 PAB to LKR:
15 PAB = 15 × 0.00331633380624253 LKR = 0.049745007093638 LKR
Panamanian Balboa to Sri Lankan Rupee Conversion Table
| Panamanian Balboa | Sri Lankan Rupee |
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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.
Sri Lankan Rupee
The Sri Lankan Rupee (LKR) is the official currency of Sri Lanka, used for all monetary transactions within the country.
History/Origin
The Sri Lankan Rupee was introduced in 1872 during British colonial rule, replacing the Indian Rupee. It has undergone various changes and decimalization over the years, with the current form established in 1978.
Current Use
Today, the LKR is the legal tender in Sri Lanka, used in everyday transactions, banking, and trade. It is managed by the Central Bank of Sri Lanka and is actively traded in foreign exchange markets.