Convert Polish Zloty to Panamanian Balboa
Please provide values below to convert Polish Zloty [PLN] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Polish Zloty.
How to Convert Polish Zloty to Panamanian Balboa
1 PLN = 3.6246 PAB
Example: convert 15 PLN to PAB:
15 PLN = 15 × 3.6246 PAB = 54.369 PAB
Polish Zloty to Panamanian Balboa Conversion Table
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Polish Zloty
The Polish Zloty (PLN) is the official currency of Poland, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Zloty has been Poland's currency since the 14th century, with modern issuance beginning in 1924 after a period of currency reforms. It replaced earlier currencies and has undergone several redenominations, most notably in 1995 to stabilize the economy.
Current Use
The PLN is actively used as Poland's legal tender, with coins and banknotes circulating nationwide. It is also traded in foreign exchange markets and used in international transactions involving Poland.
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.