Convert Kyrgystani Som to Panamanian Balboa
Please provide values below to convert Kyrgystani Som [KGS] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Kyrgystani Som.
How to Convert Kyrgystani Som to Panamanian Balboa
1 KGS = 87.2972 PAB
Example: convert 15 KGS to PAB:
15 KGS = 15 × 87.2972 PAB = 1309.458 PAB
Kyrgystani Som to Panamanian Balboa Conversion Table
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Kyrgystani Som
The Kyrgystani Som (KGS) is the official currency of Kyrgyzstan, used for all monetary transactions within the country.
History/Origin
The Som was introduced in 1993, replacing the Soviet ruble, as part of Kyrgyzstan's independence and economic transition to establish a national currency.
Current Use
The Kyrgystani Som is actively used in everyday transactions, banking, and financial markets within Kyrgyzstan, with ongoing efforts to stabilize and modernize its economy.
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.