Convert Panamanian Balboa to Syrian Pound
Please provide values below to convert Panamanian Balboa [PAB] to Syrian Pound [SYP], or Convert Syrian Pound to Panamanian Balboa.
How to Convert Panamanian Balboa to Syrian Pound
1 PAB = 7.74915916004973e-05 SYP
Example: convert 15 PAB to SYP:
15 PAB = 15 × 7.74915916004973e-05 SYP = 0.00116237387400746 SYP
Panamanian Balboa to Syrian 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.
Syrian Pound
The Syrian Pound (SYP) is the official currency of Syria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Syrian Pound was introduced in 1947, replacing the Syrian lira, and has undergone various devaluations and reforms due to economic challenges and conflicts in Syria.
Current Use
Today, the Syrian Pound remains the official currency of Syria, though its value is heavily affected by ongoing economic instability and sanctions, with limited use in some regions and a significant presence of foreign currencies.