Cryptocurrency Q&A Is Panama money same as US dollar?

Is Panama money same as US dollar?

Lorenzo Lorenzo Thu Nov 14 2024 | 7 answers 1913
I'm wondering if the currency used in Panama is the same as the US dollar. Are they interchangeable or does Panama have its own separate currency? Is Panama money same as US dollar?

7 answers

RobertJohnson RobertJohnson Sat Nov 16 2024
Panama's official currency is the balboa.

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Carlo Carlo Sat Nov 16 2024
The exchange rate for the balboa has been consistently linked to the US dollar.

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Lucia Lucia Sat Nov 16 2024
Despite being Panama's official currency, the country does not print its own paper money.

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TaegeukChampionship TaegeukChampionship Sat Nov 16 2024
The US dollar is recognized as legal tender in Panama.

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Alessandra Alessandra Fri Nov 15 2024
Panama also issues its own coins.

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