Convert Panamanian Balboa to Colombian Peso
Please provide values below to convert Panamanian Balboa [PAB] to Colombian Peso [COP], or Convert Colombian Peso to Panamanian Balboa.
How to Convert Panamanian Balboa to Colombian Peso
1 PAB = 0.000248051259693595 COP
Example: convert 15 PAB to COP:
15 PAB = 15 × 0.000248051259693595 COP = 0.00372076889540393 COP
Panamanian Balboa to Colombian Peso Conversion Table
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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.
Colombian Peso
The Colombian Peso (COP) is the official currency of Colombia, used for all monetary transactions within the country.
History/Origin
The Colombian Peso was introduced in 1810, replacing the real, and has undergone various reforms and redenominations over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the COP is widely used in Colombia for everyday transactions, banking, and international trade, with coins and banknotes issued by the Banco de la República.