Convert Ghanaian Cedi to Panamanian Balboa
Please provide values below to convert Ghanaian Cedi [GHS] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Ghanaian Cedi.
How to Convert Ghanaian Cedi to Panamanian Balboa
1 GHS = 10.8778 PAB
Example: convert 15 GHS to PAB:
15 GHS = 15 × 10.8778 PAB = 163.167 PAB
Ghanaian Cedi to Panamanian Balboa Conversion Table
| Ghanaian Cedi | Panamanian Balboa |
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Ghanaian Cedi
The Ghanaian Cedi (GHS) is the official currency of Ghana, used for all monetary transactions within the country.
History/Origin
The Cedi was introduced in 1965, replacing the Ghanaian Pound. It has undergone several redenominations, with the current decimalized form adopted in 2007 to facilitate easier transactions.
Current Use
Today, the GHS is widely used across Ghana for everyday purchases, banking, and financial transactions, and is actively traded in foreign exchange markets.
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.