Panamanian Balboa to Armenian Dram | 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 Armenian Dram (AMD) is the official currency of Armenia. It was introduced in 1993 after the country gained independence from the Soviet Union. The dram is subdivided into 100 luma and is managed by the Central Bank of Armenia.