Panama’s official currency is the balboa. The rate of exchange for the balboa has always been tied to the US dollar—one dollar equals one balboa. Panama does not, however, print its own paper currency and instead uses the US dollar as legal tender. Panamanian coins come in 1, 5, 10, 25, and 50-cent pieces. They are the same size, color, and weight as U.S. coins and both are used frequently. While shopping or eating out, you may see prices with either a “$” or a “B/” before them, corresponding the dollars or balboas. They mean the same thing and have the same value. To get the latest conversion rates visit XE.com.