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What is the national currency of Panama?

April 26, 2017currency National panama

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What is the national currency of Panama?

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Currency in Panama is called ‘balboas.’ One balboa is worth 100 centesimos, pronounced cent-decimals. Centesimos means hundredths. The balboa coins were first minted in June of 1904. Panamanian money exists in the form of coins only and no bills are in circulation, although there were a few made. The US dollar and the balboa have the same value in Panama and can be used interchangeably, with no exchange restrictions.