The Panamanian currency
The Panamanian currency is the Balboa and has the same value as the US dollar, so you will not have to convert money.. Panama uses US paper currency and has its own coinage which has the same denominations, shapes and sizes as US coinage. It is probably easier to find an ATM machine than to cash travelers’ checks in Panama, so travelers’ checks are not recommended.
All major credit cards are accepted in Panama at most shops, supermarkets and hotels. However, you do require currency for making small payments.
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