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Panamian
Balboa
The balboa, named in honour of
the Spanish explorer/conquistador Vasco Núñez de Balboa., is the currency of Panama.
The balboa subdivided into 100 centésimos replaced the Colombian
peso following the country's independence. The balboa has been
tied to the United States dollar and has always circulated alongside dollars.
Panamanian banknotes, denominated in balboas, were printed in
the forties by President Arnulfo Arias. but were recalled
several days laterand were the only banknotes issued by Panama
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