Panamanian Balboa to Laotian Kip | 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 Laotian Kip (LAK) is the official currency of Laos. It is issued by the Bank of the Lao PDR and has been in circulation since 1979, replacing the previous Pathet Lao Kip.