Convert Congolese Franc to Panamanian Balboa
Please provide values below to convert Congolese Franc [CDF] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Congolese Franc.
How to Convert Congolese Franc to Panamanian Balboa
1 CDF = 2885.0361 PAB
Example: convert 15 CDF to PAB:
15 CDF = 15 × 2885.0361 PAB = 43275.5415 PAB
Congolese Franc to Panamanian Balboa Conversion Table
| Congolese Franc | Panamanian Balboa |
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Congolese Franc
The Congolese Franc (CDF) is the official currency of the Democratic Republic of the Congo, used for everyday transactions and financial exchanges within the country.
History/Origin
The Congolese Franc was introduced in 1967, replacing the Congolese Léopard at par, as part of monetary reforms following independence. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the CDF remains the official currency of the Democratic Republic of the Congo, used in all banking, commerce, and financial activities across the country.
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.