What type of money does panama have?

Panama uses the Panamanian balboa (PAB) as its official currency. The balboa is pegged to the United States dollar at a 1:1 exchange rate, meaning that one balboa is always equivalent to one U.S. dollar. This peg has been in place since 1904, ensuring a stable exchange rate for Panama. As a result, prices in Panama tend to be expressed in terms of U.S. dollars, and both currencies are widely accepted throughout the country.