Panamanian Balboa to Pakistani 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 Pakistani Rupee (PKR) is the official currency of Pakistan. It was introduced in 1947 when Pakistan gained independence. The currency is regulated by the State Bank of Pakistan. The rupee is subdivided into 100 paise, although coins of less than one rupee are rarely used in modern transactions.