One of the mysteries of the English language finally explained.
The basic monetary unit of Panama, equal to 100 centésimos.
- ‘Panama issues a domestic currency, the balboa (1 balboa = US $1), but it circulates only as coins.’
- ‘The unit of currency is the balboa, which is pegged to the United States dollar.’
- ‘The U.S. dollar is the paper currency of Panama, and is also referred to as the Panama balboa.’
- ‘The greenback also has parity with the Bermudan, Bahamian, and Liberian dollars, taking it into Africa, plus the Panamanian balboa.’
Named after Vasco Núñez de Balboa (see Balboa, Vasco Núñez de).
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