Convert Angolan Kwanza to Panamanian Balboa
Please provide values below to convert Angolan Kwanza [AOA] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Angolan Kwanza.
How to Convert Angolan Kwanza to Panamanian Balboa
1 AOA = 919.5002 PAB
Example: convert 15 AOA to PAB:
15 AOA = 15 × 919.5002 PAB = 13792.503 PAB
Angolan Kwanza to Panamanian Balboa Conversion Table
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Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.
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.