Panamanian Balboa to Bhutanese Ngultrum | Bank

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.

The Bhutanese Ngultrum (BTN) is the official currency of Bhutan. It is pegged to the Indian Rupee at par and has been in circulation since 1974.