Question

How does the value of a Panamanian Balboa compared to U.S dollar , and why is this so ?

Answer 1

They are the same. 1 Panamanian Balboa is equal in value to the US dollar. This changed throughout history but never too much. You can however still use regular US dollars to pay for things in Panama and the merchants won't bother you about it. This is because of historical events and colonization and freedom of panama and it's relations with the US.

Answer 2

Because the Panamanian balboa is the same value as a USD. They don't use it anymore since it's easier to use U.S currency which is international commerce and nobody complains.

Step-by-step explanation:

1¢ balboa = penny

25¢ balboa = quarter

$5 balboa = $5 dollars etc.