Panamanian Balboa to US Dollar | 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 US dollar (USD) is the official currency of the United States of America (USA). It is the most widely used currency in international transactions and is the world's reserve currency. The US dollar is issued by the Federal Reserve System (Fed) and is divided into 100 cents. It is known for its stability and global influence in the financial markets.