Panamanian Balboa · PAB
B/. symbol · 1 country currently using this currency.
Currency info
Adopted: 1904
Currency family: Dollar
Panama's currency is so tightly linked to the US Dollar that many Panamanians use both currencies interchangeably in daily transactions.
- Established in 1904 following Panama's independence from Colombia in 1903
- Pegged 1:1 to the US Dollar since its creation, making it one of the world's oldest currency pegs
- Named after Vasco Núñez de Balboa, the Spanish explorer who discovered the Pacific Ocean
- Circulates alongside the US Dollar, which is also legal tender in Panama
