Balboa (currency)
Categories: Currencies of the Americas | Panama
Named in honor of Spanish explorer/conquistador Vasco Núñez de Balboa, the balboa is the official currency of Panama. Its ISO 4217 code is PAB.
The balboa has been tied to the U.S. dollar (which is legal tender in Panama) at an exchange rate of 1:1 since 1903, and balboas can be exchanged for U.S. dollars in Panama at any time at a 1:1 ratio. The balboa is divided into 100 centésimos; modern 1, 5, 10, 25, and 50 centésimo coins are the same weight, dimensions, and metallic composition as the U.S. penny, nickel, dime, quarter, and half-dollar respectively. The National Bank of Panama, on occasion, places one-balboa coins into circulation, which are the same dimensions as the U.S. Eisenhower dollar. Panamanian bills denominated in balboas have not been printed since 1941, and they are not in circulation. For currency bills, Panama uses the U.S. dollar.
Current PAB exchange rates
AUD | CAD | EUR | GBP | INR | NZD | USD
External links
| Currencies of The Americas | |
|---|---|
| North | Bermuda dollar | Canadian dollar | Danish krone (Greenland) | Euro (Saint-Pierre et Miquelon) | Mexican peso | US dollar |
| Central | Belize dollar | Costa Rican colón | Guatemalan quetzal | Honduran lempira | Nicaraguan córdoba | Panamanian balboa | US dollar (El Salvador) |
| Caribbean | Aruban florin | Bahamian dollar | Barbadian dollar | Cayman dollar | Cuban peso | Cuban convertible peso | Dominican peso | East Caribbean dollar | Euro (Guadeloupe, Martinique) | Haitian gourde | Jamaican dollar | Netherlands Antilles florin | Trinidad and Tobago dollar |
| South | Argentine peso | Bolivian boliviano | Brazilian real | Chilean peso | Colombian peso | Euro (French Guiana) | Falkland pound | Guyanese dollar | Paraguayan guaraní | Peruvian nuevo sol | Suriname dollar | US dollar (Ecuador) | Uruguayan peso | Venezuelan bolívar
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