Banknotes of Panama
Total banknotes:
1
The official currency of Panama is the Panamanian balboa, and it is issued by the Central Bank of the Republic of Panama, established in 1940. Paper money was first introduced in Panama in 1910, and a notable reform occurred in 1970 when the balboa was officially pegged to the United States dollar, leading to the widespread use of USD banknotes alongside balboa notes.
Collectors are drawn to Panama's banknotes due to their unique dual-currency system which includes both the balboa and USD. The 1930 series of balboa notes features vivid engravings and distinct portraits of Panamanian figures, showcasing the country's historical significance during the construction of the Panama Canal.
