Namibian Dollar to Panamanian Balboa | Bank

The Namibian Dollar (NAD) is the official currency of Namibia. It was introduced in 1993, replacing the South African Rand, though both currencies remain legal tender. The Namibian Dollar is pegged to the South African Rand at a 1:1 ratio.

The Panamanian Balboa (PAB) is the official currency of Panama. It has been pegged to the US dollar at a rate of 1:1 since its introduction in 1904. While Panama uses US dollar bills, they mint their own Balboa coins. The currency is named after the Spanish explorer Vasco Núñez de Balboa.