Currency Information on Panamanian Balboa
Currency Information on Panamanian Balboa - PAB - Panamanian balboa – b/
The balboa is one of two official currencies of Panama; the other is the US dollar. The balboa was introduced in 1904, replacing the Colombian peso.
The balboa is continually equal to one US dollar and is pegged to it as such. The name ‘balboa’ is in recognition of the conquistador Vasco Nunez do Balboa.
Coins are available in denominations of 1 and 5 centimos, as well as 1/10, ¼, ½, 1 and 2 balboas, banknotes are not issue in balboas, with US dollar notes being used instead.