Convert Panamanian Balboa to Seychellois Rupee
Please provide values below to convert Panamanian Balboa [PAB] to Seychellois Rupee [SCR], or Convert Seychellois Rupee to Panamanian Balboa.
How to Convert Panamanian Balboa to Seychellois Rupee
1 PAB = 0.0688989940746865 SCR
Example: convert 15 PAB to SCR:
15 PAB = 15 × 0.0688989940746865 SCR = 1.0334849111203 SCR
Panamanian Balboa to Seychellois Rupee Conversion Table
| Panamanian Balboa | Seychellois 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.
Seychellois Rupee
The Seychellois Rupee (SCR) is the official currency of Seychelles, used for all monetary transactions within the country.
History/Origin
The Seychellois Rupee was introduced in 1914, replacing the Indian Rupee, and has undergone various reforms to modernize and stabilize the currency, including decimalization in 1983.
Current Use
The SCR is widely used in Seychelles for everyday transactions, banking, and trade, and is managed by the Central Bank of Seychelles.