Panamanian Balboa to Azerbaijani Manat | 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 Azerbaijani Manat (AZN) is the official currency of Azerbaijan. It was introduced in 2006 as a replacement for the old manat at a rate of 1 new manat to 5,000 old manat. The currency is managed by the Central Bank of Azerbaijan and is subdivided into 100 qəpik.