Convert São Tomé and Príncipe Dobra to Panamanian Balboa
Please provide values below to convert São Tomé and Príncipe Dobra [STN] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to São Tomé and Príncipe Dobra.
How to Convert São Tomé And Príncipe Dobra to Panamanian Balboa
1 STN = 20.8833 PAB
Example: convert 15 STN to PAB:
15 STN = 15 × 20.8833 PAB = 313.2495 PAB
São Tomé And Príncipe Dobra to Panamanian Balboa Conversion Table
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São Tomé And Príncipe Dobra
The São Tomé and Príncipe Dobra (STN) is the official currency of São Tomé and Príncipe, used for all monetary transactions within the country.
History/Origin
The Dobra was introduced in 1977, replacing the São Tomé and Príncipe escudo at par, and has undergone various redenominations and updates since its inception to stabilize the economy and modernize the currency system.
Current Use
Today, the Dobra remains the official currency, with banknotes and coins in circulation, and is used for everyday transactions, though it is subject to inflation and economic fluctuations.
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.