Panamanian Balboa to Papua New Guinean Kina | 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 Papua New Guinean Kina (PGK) is the official currency of Papua New Guinea. Introduced in 1975 to replace the Australian dollar, the Kina is named after a local pearl shell traditionally used as currency in the region. The currency is divided into 100 toea.