Convert Kazakhstani Tenge to Panamanian Balboa
Please provide values below to convert Kazakhstani Tenge [KZT] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Kazakhstani Tenge.
How to Convert Kazakhstani Tenge to Panamanian Balboa
1 KZT = 534.7082 PAB
Example: convert 15 KZT to PAB:
15 KZT = 15 × 534.7082 PAB = 8020.623 PAB
Kazakhstani Tenge to Panamanian Balboa Conversion Table
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Kazakhstani Tenge
The Kazakhstani Tenge (KZT) is the official currency of Kazakhstan, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 following Kazakhstan's independence from the Soviet Union, the Tenge replaced the Soviet ruble and has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Tenge is actively used in Kazakhstan for everyday transactions, banking, and trade, and is managed by the National Bank of Kazakhstan. It features modern security features and is available in both cash and digital forms.
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.