The basic monetary unit of Panama, equal to 100 centésimos.
- The unit of currency is the balboa, which is pegged to the United States dollar.
- The greenback also has parity with the Bermudan, Bahamian, and Liberian dollars, taking it into Africa, plus the Panamanian balboa.
- Panama issues a domestic currency, the balboa (1 balboa = US $1), but it circulates only as coins.
Named after Vasco Núñez de Balboa (see Balboa, Vasco Núñez de).
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.