Convert Panamanian Balboa to Egyptian Pound
Please provide values below to convert Panamanian Balboa [PAB] to Egyptian Pound [EGP], or Convert Egyptian Pound to Panamanian Balboa.
How to Convert Panamanian Balboa to Egyptian Pound
1 PAB = 0.0203775553454403 EGP
Example: convert 15 PAB to EGP:
15 PAB = 15 × 0.0203775553454403 EGP = 0.305663330181605 EGP
Panamanian Balboa to Egyptian Pound Conversion Table
| Panamanian Balboa | Egyptian Pound |
|---|
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.
Egyptian Pound
The Egyptian Pound (EGP) is the official currency of Egypt, used for all monetary transactions within the country.
History/Origin
The Egyptian Pound was introduced in 1898, replacing the Egyptian piastre, and has undergone various reforms and decimalization over the years to modernize the currency system.
Current Use
Today, the Egyptian Pound is the primary currency in Egypt, issued and regulated by the Central Bank of Egypt, and is used in everyday transactions, banking, and trade.