Country Guides
Panama
Money
Money
Panama
Currency
Balboa (PAB; symbol B/.) = 100 centavos. There is no Panamanian paper currency; coins exist in denominations of B/.10 and 1, and 50, 25, 10, 5 and 1 centavos. US currency was adopted in 1904 and exists alongside the Balboa coinage: B/.1 = US$1.
US Dollar (US$) = 100 cents. Notes are in denominations of US$100, 50, 20, 10, 5, 2 and 1. Coins are in denominations of US$1, and 50, 25, 10, 5 and 1 cents.
Currency Exchange
Banks and cambios are available for changing currency. There is no need to exchange US Dollars.
Credit/Debit Cards and ATMs
MasterCard and Visa are the most commonly used, but American Express and Diners Club are also accepted.
Traveller's Cheques
To avoid additional exchange rate charges, visitors are advised to take traveller's cheques in US Dollars.
Banking Hours
Mon-Fri 0800-1500, Sat 0830-1200.
Exchange Rate Indicators
Date
Oct 08
£1.00=
B/.1.74
$1.00=
B/.1.00
€1.00=
B/.1.36
Travel Essentials
Currency
Balboa (PAB; symbol B/.) = 100 centavos. There is no Panamanian paper currency; coins exist in denominations of B/.10 and 1, and 50, 25, 10, 5 and 1 centavos. US currency was adopted in 1904 and exists alongside the Balboa coinage: B/.1 = US$1.
US Dollar (US$) = 100 cents. Notes are in denominations of US$100, 50, 20, 10, 5, 2 and 1. Coins are in denominations of US$1, and 50, 25, 10, 5 and 1 cents.
US Dollar (US$) = 100 cents. Notes are in denominations of US$100, 50, 20, 10, 5, 2 and 1. Coins are in denominations of US$1, and 50, 25, 10, 5 and 1 cents.
Currency Exchange
Banks and cambios are available for changing currency. There is no need to exchange US Dollars.
Credit/Debit Cards and ATMs
MasterCard and Visa are the most commonly used, but American Express and Diners Club are also accepted.
Traveller's Cheques
To avoid additional exchange rate charges, visitors are advised to take traveller's cheques in US Dollars.
Banking Hours
Mon-Fri 0800-1500, Sat 0830-1200.
Exchange Rate Indicators
| Date | Oct 08 |
| £1.00= | B/.1.74 |
| $1.00= | B/.1.00 |
| €1.00= | B/.1.36 |
Travel Essentials
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