Panamanian Balboa to Dominican Peso | 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 Dominican Peso (DOP) is the official currency of the Dominican Republic. It was introduced in 1947 to replace the United States Dollar.