INFORMATION ABOUT PANAMENIAN BALBOA
We show the updated today’s value/price of Panamenian balboa (PAB).You can get the exchange from Panamenian balboa to another currency by introducing the value or amount of Panamenian balboa (PAB) in the box and clicking the convert button. This way you can get the Panamenian’s price in relation to other currencies.
INTRODUCTION TO THE PANAMENIAN BALBOA
The balboa is the official currency of Panama created in 1904. It is used by approximately 3 million seven hundred thousand people. You can check the today value of the Panamenian balboa and check its price.
The balboa is the official currency than only works in terms of accounting. The legal tender is the U.S. dollar (USD) since the country is dollarized. For this reason there is no bill of balboa but dollar bills are used.
The name “balboa” was used in honor of the Spanish explorer Vasco Nuñez de Balboa.
The Banco Nacional de Panama is an organization founded in 1904. It has three functions: as a state bank is financial agent of the State and official depositary of the Funds of the Nations; as a private bank it has the largest presence in the country; and as regulator Bank it manages the Camara de Compensacion del Sistema Bancario Nacional (Compensation Chamber of the National Banking System). It doesn’t issue bills.
Countries that use the currency: Panama
Name: PANAMENIAN BALBOA
Symbol: B/. ฿
Coins: cent = 1/100 of 1 B/. 1, 5 cents. 1/10 B/. ¼ B/. ½ B/.1 B/.
Issuing Agent: Banco Nacional de Panamá Web: https://www.banconal.com.pa/