Convert Algerian Dinar to Panamanian Balboa
Please provide values below to convert Algerian Dinar [DZD] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Algerian Dinar.
How to Convert Algerian Dinar to Panamanian Balboa
1 DZD = 130.0009 PAB
Example: convert 15 DZD to PAB:
15 DZD = 15 × 130.0009 PAB = 1950.0135 PAB
Algerian Dinar to Panamanian Balboa Conversion Table
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Algerian Dinar
The Algerian Dinar (DZD) is the official currency of Algeria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Algerian Dinar was introduced in 1964, replacing the Algerian franc after independence, and has undergone several reforms to stabilize the economy and control inflation.
Current Use
Today, the Dinar remains the official currency of Algeria, used in all financial transactions, banking, and commerce 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.