Convert Panamanian Balboa to Bhutanese Ngultrum
Please provide values below to convert Panamanian Balboa [PAB] to Bhutanese Ngultrum [BTN], or Convert Bhutanese Ngultrum to Panamanian Balboa.
How to Convert Panamanian Balboa to Bhutanese Ngultrum
1 PAB = 0.0115762848229118 BTN
Example: convert 15 PAB to BTN:
15 PAB = 15 × 0.0115762848229118 BTN = 0.173644272343677 BTN
Panamanian Balboa to Bhutanese Ngultrum Conversion Table
| Panamanian Balboa | Bhutanese Ngultrum |
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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.
Bhutanese Ngultrum
The Bhutanese Ngultrum (BTN) is the official currency of Bhutan, used for all monetary transactions within the country.
History/Origin
Introduced in 1974, the Ngultrum replaced the Indian Rupee as Bhutan's official currency, establishing a separate national currency to promote economic independence.
Current Use
The Ngultrum remains the official currency of Bhutan, widely used in everyday transactions, with coins and banknotes issued by the Royal Monetary Authority of Bhutan.