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 greenback also has parity with the Bermudan, Bahamian, and Liberian dollars, taking it into Africa, plus the Panamanian balboa.’
- ‘The U.S. dollar is the paper currency of Panama, and is also referred to as the Panama balboa.’
- ‘The unit of currency is the balboa, which is pegged to the United States dollar.’
Named after Vasco Núñez de Balboa (see Balboa, Vasco Núñez de).
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