Panama money - Balboa and US dollar

The currency unit in Panama is the balboa (PAB), although the US dollar (USD) is also widely used and accepted as an official means of payment. The balboa is mainly used in coins, while the US dollar as a banknote is the most common currency for payments in Panama.

Overview of means of payment in Panama

Exchange money in Panama

US dollars are accepted everywhere in Panama, so you usually do not need to exchange money, especially as ATMs are widespread and dispense USD, while currency exchange is possible at airports, banks or exchange offices, but is not necessarily recommended due to often poor exchange rates.

Motifs on the Panama Balboa coins

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