Panamanian balboa

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The balboa is the official currency of Panama. Its ISO 4217 code is PAB. It is named in honour of the Spanish explorer/conquistador Vasco Núñez de Balboa.

The balboa replaced the Colombian peso in 1904 following the country's independence. The balboa has been tied to the U.S. dollar (which is legal tender in Panama) at an exchange rate of 1:1 since its introduction and has always circulated alongside dollars.

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, and are produced by the United States mint. The National Bank of Panama occasionally places one-balboa coins into circulation, which are the same dimensions as the U.S. Eisenhower dollar.

Panamanian banknotes, denominated in balboas, were printed in 1941 by President Arnulfo Arias. They were recalled several days later, giving them the name "The Seven Day Dollar." These were the only banknotes issued by Panama and US bills have circulated both before and since.

Current PAB exchange rates

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Currencies of the Americas
Northern America	Bermuda dollar \| Canadian dollar \| Danish krone (Greenland) \| Euro (Saint-Pierre et Miquelon) \| US dollar \| Mexican peso
Central America	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 Islands dollar \| Cuban peso \| Cuban convertible peso \| Dominican peso \| East Caribbean dollar \| Euro (Guadeloupe, Martinique) \| Haitian gourde \| Jamaican dollar \| Netherlands Antillean gulden \| Trinidad and Tobago dollar \| US dollar (British Virgin Islands, Puerto Rico, Turks and Caicos Islands, U.S. Virgin Islands)
South America	Argentine peso \| Bolivian boliviano \| Brazilian real \| Chilean peso \| Colombian peso \| Euro (French Guiana) \| Falkland Islands pound \| Guyanese dollar \| Paraguayan guaraní \| Peruvian nuevo sol \| Surinamese dollar \| US dollar (Ecuador) \| Uruguayan peso \| Venezuelan bolívar
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