Convert Panamanian Balboa to Argentine Peso
Please provide values below to convert Panamanian Balboa [PAB] to Argentine Peso [ARS], or Convert Argentine Peso to Panamanian Balboa.
How to Convert Panamanian Balboa to Argentine Peso
1 PAB = 0.000789783362423687 ARS
Example: convert 15 PAB to ARS:
15 PAB = 15 × 0.000789783362423687 ARS = 0.0118467504363553 ARS
Panamanian Balboa to Argentine 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.
Argentine Peso
The Argentine Peso (ARS) is the official currency of Argentina, used for all monetary transactions within the country.
History/Origin
The Argentine Peso was first introduced in 1881, replacing the Argentine Austral. It has undergone several revaluations and reforms, with the current peso being reintroduced in 1992 after a period of hyperinflation and currency instability.
Current Use
Today, the ARS is the legal tender in Argentina, used for everyday transactions, banking, and trade. It is managed by the Central Bank of Argentina and remains subject to inflationary pressures and economic fluctuations.