Convert Iraqi Dinar to Panamanian Balboa
Please provide values below to convert Iraqi Dinar [IQD] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Iraqi Dinar.
How to Convert Iraqi Dinar to Panamanian Balboa
1 IQD = 1309.6526 PAB
Example: convert 15 IQD to PAB:
15 IQD = 15 × 1309.6526 PAB = 19644.789 PAB
Iraqi Dinar to Panamanian Balboa Conversion Table
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Iraqi Dinar
The Iraqi Dinar (IQD) is the official currency of Iraq, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Iraqi Dinar was introduced in 1932, replacing the Indian Rupee, and has undergone various redenominations and reforms, especially following periods of economic instability and conflict.
Current Use
Today, the IQD is the official currency of Iraq, used in all financial transactions, with the Central Bank of Iraq managing its issuance and regulation.
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.