Convert North Korean Won to Panamanian Balboa
Please provide values below to convert North Korean Won [KPW] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to North Korean Won.
How to Convert North Korean Won to Panamanian Balboa
1 KPW = 900 PAB
Example: convert 15 KPW to PAB:
15 KPW = 15 × 900 PAB = 13500 PAB
North Korean Won to Panamanian Balboa Conversion Table
| North Korean Won | Panamanian Balboa |
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North Korean Won
The North Korean Won (KPW) is the official currency of North Korea, used for everyday transactions within the country.
History/Origin
The North Korean Won was first introduced in 1947, replacing the Korean won used during the Japanese occupation, and has undergone several redenominations and reforms since then.
Current Use
Today, the KPW is primarily used domestically in North Korea, with limited acceptance outside the country; it is subject to strict government control and currency regulations.
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.