Currency Profile

Panamanian Balboa (PAB)

The Panamanian balboa is one of Panama's official currencies. It is divided into 100 centesimos and is administered through Panama's national monetary institutions.

ISO codePAB
SymbolB/.
Central bankNo central bank
Minor unitCentesimo
RegionAmericas
Statusactive
Issuing authorityMinistry of Economy and Finance of Panama

Currency facts

About the Panamanian Balboa

PAB is fixed at parity with the US dollar. Balboa coins circulate alongside US dollar banknotes, making Panama's dual-currency arrangement central to understanding how the balboa is used.

Issuing authorityMinistry of Economy and Finance of Panama
Exchange-rate arrangementFixed at parity with the US dollar
Peg or linkThe balboa is fixed at one-to-one parity with the US dollar. Balboa coins and US dollar banknotes circulate in Panama.

Currency coverage

Where the Panamanian balboa is official

Official tenderPanama
Shared currency areaPanama's dual-currency system

Countries

Country guides

Countries in this directory where the Panamanian balboa is official tender.

FAQ

PAB questions

What is PAB?

PAB is the ISO 4217 code for the Panamanian balboa. The Panamanian balboa is one of Panama's official currencies. It is divided into 100 centesimos and is administered through Panama's national monetary institutions.

Who issues the Panamanian balboa?

The Panamanian balboa does not have a traditional central bank issuer.

Where is PAB official tender?

PAB is official tender in Panama.

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

Sources and review

Official references and editorial review