Panama balboa

Balboa (Russian)
	Balboa (Spanish); Balboa (English); Balboa (French)
	Coin 1 balboa with the image of conquistador Vasco Nunez de Balboa . In this form, the coin has been issued since 2011.
	Codes and Symbols
ISO 4217 Codes	PAB (590)
Abbreviations	B /. • B
	Territory of circulation
Issuing country	Panama
	Derivative and parallel units
Fractional	Centesimo ( 1 ⁄ 100 )
Parallel	US Dollar (USD)
	Coins and banknotes in circulation
Coins	1 and 5 centesimo, 1⁄10, 1⁄4, 1⁄2, and 1 balboa
Banknotes	Not available
	Currency history
Introduced	1904 year
Predecessor currency	Colombian Peso
	Issue and production of coins and banknotes
Emission Center (Regulator)	National Bank of Panama
	www.banconal.com.pa
	Courses on October 22, 2019
1 RUB	= 0.01572 PAB
1 USD	= 1 PAB
1 EUR	= 1,113 PAB
1 GBP	= 1,296 PAB
1 JPY	= 0.009092 PAB
	2019 inflation
Inflation	-0.6% (September)
	Wikimedia Commons Media Files

Balboa - the monetary unit of the Republic of Panama , equal to 100 centesimo .

Introduced in 1904 and named after the Spanish conquistador Vasco Nunez de Balboa . Until 1934, the gold content of balboa was 1, 5048 g of pure gold, which was slightly higher than the gold content of the US dollar (1, 50463 g), but in fact, balboa was equal to the dollar. In 1934, a solid ratio to the US dollar was established 1: 1, which exists to date.

Content

1 Coins and banknotes
2 Exchange Rate Mode
3 notes
4 Sources
5 Links

Coins and Banknotes

In circulation are coins in 2, 1, ¹ ⁄ ₂ , ¹ ⁄ ₄ , ¹ ⁄ ₁₀ balboa, 5 and 1 centesimo . Commemorative coins in denominations of 500, 200, 100, 75, 50, 20, 10, 5 and 1 balboa are also issued.

Banknotes in Panamanian balboa are not issued, their role is played by US dollars , which are legal tender. Only once, in 1941, were issued banknotes in denominations of 20, 10, 5, and 1 balboa, but a few days later they were withdrawn from circulation, receiving the name "seven-day dollars."

Exchange Rate Mode

The balboa rate is pegged to the US dollar ( ISO code 4217 - USD) in a ratio of 1: 1 ^[1] .

Market rate

Google Finance (... / PAB) :	RUB USD EUR GBP Jpy CHF
Yahoo! Finance (... / PAB) :	RUB USD EUR GBP Jpy CHF
XE.com (... / PAB) :	RUB USD EUR GBP Jpy CHF
OANDA.com (... / PAB) :	RUB USD EUR GBP Jpy CHF

Notes

↑ IMF, 2011 , De Facto Classification of Exchange Rate Regimes and Monetary Policy Frameworks .

Sources

Open exchange rates . - The site of the API provider . - OER, 2012.
International Monetary Fund . - Official site. - IMF , 2011.

Links

Coins of Panama

[_a29baf8d388049ba-1] IMF, 2011 , De Facto Classification of Exchange Rate Regimes and Monetary Policy Frameworks .