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What is the local currency, exchange rate, etc.?

April 26, 2017currency exchange rate local

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What is the local currency, exchange rate, etc.?

2 Answers

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The local currency is called the balboa and its rate of exchange is tied to the US dollar. Panama does not print paper money, so US dollars are legal tender everywhere. Coins are the same weight and color as US ones.

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The local currency is called the cordoba and its rate of exchange is tied to the US dollar. US dollars are generally accepted as legal tender in most locations, though you should make sure to have small denominations of less than $10 US.