Country Currency

Panama Currency

The Panamanian balboa is the official currency of Panama.

Official currency

Panamanian Balboa (PAB)United States Dollar (USD)

RegionAmericas

Central bankNo national central bank

Country money overview

Currency arrangements

Official currencyPanamanian Balboa (PAB, B/.); United States Dollar (USD, $)

Central bankNo national central bank

Currency arrangementThe balboa is fixed at parity with the US dollar. Balboa coins and US dollar banknotes circulate as distinct legal currencies in Panama.

Paying in Panama

Cash, cards and local payments

Cash use

US dollar banknotes and balboa coins are used for everyday payments in Panama; cards are common in cities and tourism areas.

Travel money guidance

Planning a conversion

Before travel

Compare card and ATM fees even when arriving with US dollars, because customer charges can still apply.

PABPanamanian Balboa

USDUnited States Dollar

EUREuro

GBPBritish Pound

Exchange-rate information is provided for reference only and is not financial, trading or investment advice.

Useful links

Research Panama currencies

Panamanian Balboa profile United States Dollar profile United States currency Canada currency Brazil currency Mexico currency Travel money guide Exchange-rate methodology Data sources

Sources and review

Rate data and official references

Reviewed by: CurrencyHub Editorial Team

Editorially reviewed: July 18, 2026

Sources

Report an error

FAQ

Panama currency questions

Which currency is used in Panama?

Panama uses Panamanian Balboa (PAB) and United States Dollar (USD) as official currencies.

Does Panama have multiple official currencies?

Panama has multiple official currencies: Panamanian Balboa (PAB) and United States Dollar (USD).

How can I compare the Panamanian balboa?

Use the conversion links on this page to compare Panama's official currency with other major currencies.