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Panama uses both the Balboa (PAB) and the US dollar (USD) as legal currency with the value of the Balboa fixed at one PAB equaling one USD.

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Dwight Gislason

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2y ago

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What is the curency of Panama?

The Panama currency is called Balboa.They also use the US Dollar.


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About $7 in US currency.


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What is the national currency of Panama?

Currency in Panama is called 'balboas.' One balboa is worth 100 centesimos, pronounced cent-decimals. Centesimos means hundredths. The balboa coins were first minted in June of 1904. Panamanian money exists in the form of coins only and no bills are in circulation, although there were a few made. The US dollar and the balboa have the same value in Panama and can be used interchangeably, with no exchange restrictions.


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How did US imperialism impact Panama?

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What Latin American countries use the dollar?

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