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Easily convert BRL to PAB with ConvertOnline's efficient tool.
The Brazilian Real (BRL) is the official currency of Brazil, introduced in 1994 as part of a broader economic reform to stabilize the country's economy. It is subdivided into 100 centavos and is symbolized by 'R$'. The Real is used for all monetary transactions within Brazil and serves as a key component in the nationâs trade and economic activities.
The Panamanian Balboa (PAB) is the official currency of Panama, named after the Spanish explorer Vasco NĂșñez de Balboa. It is pegged to the US dollar at a one-to-one exchange rate, which means that both currencies circulate freely in the country, making transactions convenient for both locals and tourists.