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Balboa panameño (Spanish) | |||||
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ISO 4217 | |||||
Code | PAB (numeric: 590) | ||||
Subunit | 0.01 | ||||
Unit | |||||
Unit | balboa | ||||
Symbol | B/. or ฿.[1] | ||||
Denominations | |||||
Subunit | |||||
1⁄100 | Centésimo | ||||
Banknotes | None (U.S. banknotes are employed instead, although denominated in balboas) | ||||
Coins | 1 and 5 centésimos, 1⁄10, 1⁄4, 1⁄2, and 1 balboa | ||||
Demographics | |||||
Date of introduction | 1904 | ||||
User(s) | Panama (alongside the U.S. dollar) | ||||
Valuation | |||||
Pegged with | U.S. dollar at par | ||||
1 Panama now uses U.S. dollar notes. |
The balboa (sign: B/.; ISO 4217: PAB) is, along with the United States dollar, one of the official currencies of Panama. It is named in honor of the Spanish explorer and conquistador Vasco Núñez de Balboa. The balboa is subdivided into 100 centésimos.