Convert Panamanian Balboa to Guernsey Pound
Please provide values below to convert Panamanian Balboa [PAB] to Guernsey Pound [GGP], or Convert Guernsey Pound to Panamanian Balboa.
How to Convert Panamanian Balboa to Guernsey Pound
1 PAB = 1.35080372821829 GGP
Example: convert 15 PAB to GGP:
15 PAB = 15 × 1.35080372821829 GGP = 20.2620559232743 GGP
Panamanian Balboa to Guernsey Pound 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.
Guernsey Pound
The Guernsey Pound (GGP) is the official currency of Guernsey, a British Crown dependency, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1921, the Guernsey Pound has been used locally alongside the British Pound, with both currencies circulating freely and at equal value, reflecting Guernsey's status as a self-governing dependency.
Current Use
The GGP is used for everyday transactions within Guernsey and is accepted alongside the British Pound, with coins and banknotes issued specifically for Guernsey by the local authorities.