Convert Guernsey Pound to Panamanian Balboa
Please provide values below to convert Guernsey Pound [GGP] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Guernsey Pound.
How to Convert Guernsey Pound to Panamanian Balboa
1 GGP = 0.7403 PAB
Example: convert 15 GGP to PAB:
15 GGP = 15 × 0.7403 PAB = 11.1045 PAB
Guernsey Pound to Panamanian Balboa Conversion Table
| Guernsey Pound | Panamanian Balboa |
|---|
Guernsey Pound
The Guernsey Pound (GGP) is the official currency of Guernsey, a British Crown dependency, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1921, the Guernsey Pound has been used locally alongside the British Pound, with both currencies circulating freely and at equal value, reflecting Guernsey's status as a self-governing dependency.
Current Use
The GGP is used for everyday transactions within Guernsey and is accepted alongside the British Pound, with coins and banknotes issued specifically for Guernsey by the local authorities.
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.