Convert Japanese Yen to Panamanian Balboa
Please provide values below to convert Japanese Yen [JPY] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Japanese Yen.
How to Convert Japanese Yen to Panamanian Balboa
1 JPY = 146.8312 PAB
Example: convert 15 JPY to PAB:
15 JPY = 15 × 146.8312 PAB = 2202.468 PAB
Japanese Yen to Panamanian Balboa Conversion Table
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Japanese Yen
The Japanese Yen (JPY) is the official currency of Japan, used as the country's primary medium of exchange.
History/Origin
Introduced in 1871 during the Meiji Restoration, the Yen replaced the previous complex monetary system and has undergone various reforms, including decimalization in 1954, to modernize Japan's currency system.
Current Use
The Yen is widely used in Japan for everyday transactions, banking, and international trade, and is one of the most traded currencies globally.
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.