Convert TZS [Tanzanian Shilling] to PAB [Panamanian Balboa] Online | Free currency Converter

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TZS [Tanzanian Shilling]


The Tanzanian Shilling, abbreviated as TZS, is the official currency of Tanzania. Introduced in 1966 to replace the East African shilling, it is issued and regulated by the Bank of Tanzania, which manages monetary policy and ensures economic stability. The shilling is subdivided into 100 cents, though smaller denominations are rarely used due to inflation. It is available in both coins and banknotes, with coins ranging from 50 cents to 500 shillings and banknotes from 500 to 10,000 shillings, featuring national heroes, cultural symbols, and historic landmarks. Widely used in daily transactions, trade, salaries, and tourism, the TZS plays a crucial role in supporting Tanzania’s economy. Its stability fosters commerce, financial confidence, and economic growth.


[Panamanian Balboa]


The Panamanian Balboa, abbreviated as PAB, is the official currency of Panama. Introduced in 1904, it is named after the Spanish explorer Vasco Núñez de Balboa and is pegged at par with the United States Dollar (USD), which also circulates freely in the country. The currency is issued and regulated by the National Bank of Panama, though coins and banknotes are mainly minted in limited quantities, as the US dollar dominates daily transactions. The balboa is subdivided into 100 centésimos. Widely used in trade, salaries, and local transactions, the PAB plays a symbolic role in Panama’s economy, representing national identity while maintaining financial stability through its parity with the US dollar.



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