Panamanian balboa

BalboaPABbalboasgold Balboaits own coinsMedio Centesimo
The balboa (sign: B/.; ISO 4217: PAB) is, along with the United States dollar, one of the official currencies of Panama.wikipedia
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Currency symbol

signcurrency signsymbol
The balboa (sign: B/.; ISO 4217: PAB) is, along with the United States dollar, one of the official currencies of Panama.

ISO 4217

codecurrency codeISO 4217 currency code
The balboa (sign: B/.; ISO 4217: PAB) is, along with the United States dollar, one of the official currencies of Panama.

Panama

PanamáRepublic of PanamaPAN
The balboa (sign: B/.; ISO 4217: PAB) is, along with the United States dollar, one of the official currencies of Panama.
The Panamanian currency is officially the balboa, fixed at a rate of 1:1 with the United States dollar since Panamanian independence in 1903.

Currency substitution

dollarizationdollarisationdollarized
With the exception of a fluctuation in 2016, the balboa has been tied to the United States dollar (which is also legal tender in Panama) at an exchange rate of 1:1 since its introduction and has always circulated alongside dollars.

Vasco Núñez de Balboa

BalboaVasco Nunez de BalboaCareta
It is named in honor of the Spanish explorer/conquistador Vasco Núñez de Balboa.
The Panamanian currency is called the Balboa, and his likeness appears on the obverse of most Panamanian coins.

United States dollar

US$$USD
The balboa (sign: B/.; ISO 4217: PAB) is, along with the United States dollar, one of the official currencies of Panama.

Currency

currenciesforeign currencycoinage
The balboa (sign: B/.; ISO 4217: PAB) is, along with the United States dollar, one of the official currencies of Panama.

Spaniards

SpanishSpaniardSpanish people
It is named in honor of the Spanish explorer/conquistador Vasco Núñez de Balboa.

List of explorers

explorerexplorersAsian explorer
It is named in honor of the Spanish explorer/conquistador Vasco Núñez de Balboa.

Conquistador

conquistadorsconquistadoresSpanish conquistadors
It is named in honor of the Spanish explorer/conquistador Vasco Núñez de Balboa.

Colombian peso

COP$pesosCOP
The balboa replaced the Colombian peso in 1904 following the country's independence.

Legal tender

demonetizeddemonetizationdemonetised
With the exception of a fluctuation in 2016, the balboa has been tied to the United States dollar (which is also legal tender in Panama) at an exchange rate of 1:1 since its introduction and has always circulated alongside dollars.

Exchange rate

exchange ratesreal exchange rateforeign exchange rate
With the exception of a fluctuation in 2016, the balboa has been tied to the United States dollar (which is also legal tender in Panama) at an exchange rate of 1:1 since its introduction and has always circulated alongside dollars.

Half dime

Half dismeone-twentieth dollar
1973 also saw the revival of the 2 1⁄2-centésimos coin, which had a size similar to that of the U.S. half dime, but these were discontinued two years later due to lack of popular demand.

Penny (United States coin)

centspennycent
Modern 1-, 5-centésimo, 1⁄10-, 1⁄4-, and 1⁄2-balboa coins are the same weight, dimensions, and composition as the U.S. cent, nickel, dime, quarter, and half dollar, respectively.

Nickel (United States coin)

nickelnickelsWestward Journey Nickel Series
Modern 1-, 5-centésimo, 1⁄10-, 1⁄4-, and 1⁄2-balboa coins are the same weight, dimensions, and composition as the U.S. cent, nickel, dime, quarter, and half dollar, respectively.

Dime (United States coin)

dimedimes10¢
Modern 1-, 5-centésimo, 1⁄10-, 1⁄4-, and 1⁄2-balboa coins are the same weight, dimensions, and composition as the U.S. cent, nickel, dime, quarter, and half dollar, respectively.

Quarter (United States coin)

quarterquartersquarter dollar
Modern 1-, 5-centésimo, 1⁄10-, 1⁄4-, and 1⁄2-balboa coins are the same weight, dimensions, and composition as the U.S. cent, nickel, dime, quarter, and half dollar, respectively.

Half dollar (United States coin)

half dollarfifty-cent piece50¢
Modern 1-, 5-centésimo, 1⁄10-, 1⁄4-, and 1⁄2-balboa coins are the same weight, dimensions, and composition as the U.S. cent, nickel, dime, quarter, and half dollar, respectively.

Dollar coin (United States)

silver dollardollarsdollar coin
In 2011, new 1-balboa bimetallic coins were issued that are the same dimensions as the U.S. dollar coin.

Cupronickel

cupro-nickelCopper-nickelcopper nickel

Arnulfo Arias

Arnulfo Arias MadridArnulfo
In 1941, President Arnulfo Arias pushed the government to enact Article 156 to the constitution, authorizing official and private banks to issue paper money.