Convert Panamanian Balboa to Namibian Dollar
Please provide values below to convert Panamanian Balboa [PAB] to Namibian Dollar [NAD], or Convert Namibian Dollar to Panamanian Balboa.
How to Convert Panamanian Balboa to Namibian Dollar
1 PAB = 0.0569258881861704 NAD
Example: convert 15 PAB to NAD:
15 PAB = 15 × 0.0569258881861704 NAD = 0.853888322792556 NAD
Panamanian Balboa to Namibian Dollar Conversion Table
| Panamanian Balboa | Namibian Dollar |
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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.
Namibian Dollar
The Namibian Dollar (NAD) is the official currency of Namibia, used for all monetary transactions within the country.
History/Origin
Introduced in 1993, replacing the South African Rand at par, the Namibian Dollar was established to establish a distinct national currency following independence from South Africa.
Current Use
The NAD is widely used in Namibia for everyday transactions, banking, and trade, and is pegged at par with the South African Rand, which is also accepted in Namibia.