Convert Panamanian Balboa to Moldovan Leu
Please provide values below to convert Panamanian Balboa [PAB] to Moldovan Leu [MDL], or Convert Moldovan Leu to Panamanian Balboa.
How to Convert Panamanian Balboa to Moldovan Leu
1 PAB = 0.0590022715874561 MDL
Example: convert 15 PAB to MDL:
15 PAB = 15 × 0.0590022715874561 MDL = 0.885034073811842 MDL
Panamanian Balboa to Moldovan Leu 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.
Moldovan Leu
The Moldovan Leu (MDL) is the official currency of Moldova, used for all monetary transactions within the country.
History/Origin
The Moldovan Leu was introduced in 1993, replacing the Soviet ruble, following Moldova's independence. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Moldovan Leu is actively used as the national currency for everyday transactions, banking, and trade in Moldova. It is issued and regulated by the National Bank of Moldova.