Convert Turkmenistani Manat to Panamanian Balboa
Please provide values below to convert Turkmenistani Manat [TMT] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Turkmenistani Manat.
How to Convert Turkmenistani Manat to Panamanian Balboa
1 TMT = 3.5 PAB
Example: convert 15 TMT to PAB:
15 TMT = 15 × 3.5 PAB = 52.5 PAB
Turkmenistani Manat to Panamanian Balboa Conversion Table
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Turkmenistani Manat
The Turkmenistani Manat (TMT) is the official currency of Turkmenistan, used for all monetary transactions within the country.
History/Origin
The Turkmenistani Manat was introduced in 1993, replacing the Soviet ruble, and has undergone several redenominations to stabilize the economy and control inflation.
Current Use
Today, the Manat is widely used in Turkmenistan for everyday transactions, banking, and trade, with banknotes and coins issued by the Central Bank of Turkmenistan.
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.