Panama Currency

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The official currency is the Panamanian Balboa (PAB), equal to 100 centesimos, but the US Dollar is accepted everywhere. Balboa are available only in coin denominations, with the only paper currency in use being the US dollar. The only bank that exchanges foreign currency is the Banco Nacional de Panama counter at Tocumen International Airport. Only a casa de cambio (exchange house) can exchange foreign currency for dollars outside the airport, and they are rare outside of Panama City. ATMs are widely available throughout the country, except in the Darien of Islas Contadora and Tobago, and in the Archipielago de San Blas. Credit cards are widely accepted at travel agencies, upscale hotels and many restaurants.

Currency Exchange Rates

PAB 1.00 = AED 3.67 AUD 1.46 CAD 1.31 EUR 0.90 NZD 1.51 GBP 0.78 USD 1.00 ZAR 14.45

Note: These currency exchange rates are not updated daily and should be used as a guideline only.