Cash usage
US dollar banknotes and balboa coins are used for everyday payments in Panama; cards are common in cities and tourism areas.
Country money guide
Panama Currency Guide
Learn how the Panamanian balboa is used in Panama, then open a dated reference-rate conversion.
Currency overview
Panamanian Balboa in Panama
Monetary framework
The balboa is fixed at parity with the US dollar. Balboa coins and US dollar banknotes circulate as distinct legal currencies in Panama.
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PAB converter
PAB0.996314 USD1 PAB = 0.99631364 USD
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Currency facts
PAB at a glance
CurrencyPanamanian Balboa
ISO codePAB
SymbolB/.
Minor unitCentesimo
Decimal places2
Currency typeOfficial currency
Money usage guide
Local money guide for Panama
Official use
Panama uses the Panamanian balboa and the US dollar as official currencies.
Currency system
The balboa is fixed at parity with the US dollar. Balboa coins and US dollar banknotes circulate as distinct legal currencies in Panama.
Payment environment
US dollar banknotes and balboa coins are used for everyday payments in Panama; cards are common in cities and tourism areas.
Cash and payment habits
Cash, cards and local payments
Exchange tips
Planning a conversion
Before exchanging
Compare card and ATM fees even when arriving with US dollars, because customer charges can still apply.
Popular currency pairs
PAB conversion links
Related currencies
Regional and monetary links
These links use the country dataset's regional and monetary relationships rather than a single global popularity list.
FAQ
Panama currency questions
Which currency is used in Panama?
Panama uses the Panamanian balboa and the US dollar 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 supported currencies.
Sources and review
Rate data and official references
Data source: Frankfurter
Rate date:
Reviewed by: CurrencyHub Editorial Team
Editorially reviewed:
Content methodology
Report an errorCountry guidance is assembled from official monetary, payment-system and border-information sources. Missing details are omitted rather than inferred.
Exchange-rate information is provided for reference only and is not financial, trading or investment advice.