Panamanian Balboa to Indian Rupee | 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 Indian Rupee (INR) is the official currency of India. It is issued and regulated by the Reserve Bank of India and has been in circulation since 1947.