Panamanian Balboa to Nicaraguan Córdoba | Bank

The Panamanian Balboa (PAB) is the official currency of Panama. It has been pegged to the US dollar at a rate of 1:1 since its introduction in 1904. While Panama uses US dollar bills, they mint their own Balboa coins. The currency is named after the Spanish explorer Vasco Núñez de Balboa.

The Nicaraguan Córdoba (NIO) is the official currency of Nicaragua. It was introduced in 1912 and is regulated by the Central Bank of Nicaragua. The currency is named after Francisco Hernández de Córdoba, the founder of Nicaragua.