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They are exactly the same! Indeed the coins have identical composition and the US dollar is also legal tender. Although the coins have different designs to their US counterparts, they have the same specifications.

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10y ago
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14y ago

The Panamanian balboa is fixed to the US dollar at a 1-1 exchange rate; that is, 1 dollar = 1 balboa.

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Q: Is Panama's currency worth more or less than a US dollar?
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