Convert Panamanian Balboa to Libyan Dinar
Please provide values below to convert Panamanian Balboa [PAB] to Libyan Dinar [LYD], or Convert Libyan Dinar to Panamanian Balboa.
How to Convert Panamanian Balboa to Libyan Dinar
1 PAB = 0.184229918938836 LYD
Example: convert 15 PAB to LYD:
15 PAB = 15 × 0.184229918938836 LYD = 2.76344878408254 LYD
Panamanian Balboa to Libyan Dinar 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.
Libyan Dinar
The Libyan Dinar (LYD) is the official currency of Libya, used for all monetary transactions within the country.
History/Origin
The Libyan Dinar was introduced in 1971, replacing the Libyan Pound at par, and has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the LYD is actively used in Libya for everyday transactions, banking, and international trade, with the Central Bank of Libya managing its issuance and regulation.