Panamanian Balboa (PAB) Definition
What Is the Panamanian Balboa (PAB)? The Panamanian balboa (PAB) is the national currency of the Republic of Panama, which circulates alongside the U.S. dollar (USD), to which the PAB is pegged at par (1:1). Balboas are issued only in coin form and are subdivided into 100 centésimos. The money’s name honors Vasco Núñez de Balboa