Panamanian Balboa to Iranian Rial | 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 Iranian Rial (IRR) is the official currency of Iran. It has been Iran's national currency since 1932 and is issued by the Central Bank of Iran.