Panamanian Balboa to Chinese Yuan | Bank

The Panamanian Balboa (PAB) is the official currency of Panama. It has been pegged to the US dollar at a rate of 1:1 since its introduction in 1904. While Panama uses US dollar bills, they mint their own Balboa coins. The currency is named after the Spanish explorer Vasco Núñez de Balboa.

The Chinese Yuan (CNY) is the official currency of the People's Republic of China, also known as Renminbi (RMB). It is used for all domestic transactions in mainland China.