PAB - Panamanian Balboa currency

Panama flag Panama

The Panamanian Balboa (PAB) is the official currency of Panama, alongside the United States Dollar (USD). Introduced in 1904, the balboa replaced the Colombian Peso when Panama gained independence. The PAB is pegged to the USD at a 1:1 exchange rate, and Panama does not issue its own paper currency—U.S. Dollar banknotes circulate freely. However, the country does issue balboa coins, which are used interchangeably with U.S. coins. Named after the Spanish explorer Vasco Núñez de Balboa, the currency is subdivided into 100 centésimos. Due to its dollarized economy, Panama benefits from monetary stability and low inflation.

PAB - Panamanian Balboa profile

Symbol B/.
ISO 4217 Code PAB
Central Bank No central bank (USD used for paper currency)
Nicknames Balboa
Countries using this currency Panama (alongside USD)

PAB - Panamanian Balboa
live currency rates

Last updated:
Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.

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