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This question is one of the most important questions when you move to a new place. For some people, Panama is such an unknown place. But once you get to know Panama, you will fall in love with this beautiful country.

First and foremost, Panama's official currency is the BALBOA(PAB) but we use the US dollar in Panama. The exchange rate for the balboa has always been tied to the US dollar. One US dollar equals one balboa. Sometimes you see PAB or B on the price tag but they mean the same thing and have the same value.
Although we use Panamanian coins. Panamanian coins are the same size as US coins and they come in 1, 5, 10, 25, and 50-cent pieces.

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