On a recent trip home to visit the states a few people asked me about what currency is used in Panama. The concept of Panamanian currency is simple yet a little confusing. The official currency in the Republic of Panama is actually the Balboa. But don’t start panicking yet. The Balboa and U.S. dollar are virtually the same thing and work equally in Panama. There are no Balboa paper notes as with the dollar (at least none that I have ever seen) and the coins or cents are known as “centavos”. If the price of something in Panama is listed with a B. before, such as B.25, then the price would be $25 U.S. dollars. Panamanian coinage is Read more
