Panamanian Balboa to Tanzanian Shilling | 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 Tanzanian Shilling (TZS) is the official currency of Tanzania, issued by the Bank of Tanzania.