DEFINITION of 'PAB (Panamanian Balboa)'

The currency abbreviation or currency symbol for the Panamanian balboa (PAB), the currency of Panama. The Panamanian balboa is made up of 100 centesimo and is often represented by the symbol B/. or B. The Panamanian balboa is a currency made up completely of coins. The United States dollar (USD) banknotes are the only paper currency in circulation.

BREAKING DOWN 'PAB (Panamanian Balboa)'

The Panamanian balboa replaced the Columbian peso shortly after the country claimed independence in 1904. Since this time, the balboa has been on a fixed peg with the USD at par.

RELATED TERMS
  1. PAB

    In currencies, this is the abbreviation for the Panama Balboa. ...
  2. Currency Symbol

    A graphical symbol used as a substitute for the actual name of ...
  3. Hard-Coded Stock

    This is a term that refers to a company's stock symbol or ticker ...
  4. Currency

    Currency is a generally accepted form of money, including coins ...
  5. USD (United States Dollar)

    The currency abbreviation for the United States dollar (USD), ...
  6. NZD (New Zealand Dollar)

    The currency abbreviation or currency symbol for the New Zealand ...
Related Articles
  1. Personal Finance

    5 Countries Where the USD Is Commonly Accepted

    In these five countries, the U.S. dollar is either the official currency or is used alongside native currencies for transactions.
  2. Investing

    5 Ways You Can Invest in Panama From Abroad

    Learn about five ways to invest in Panama, including buying stock, ADRs and real estate, conducting business in the Pacifico Special Economic Area or by opening a business.
  3. Retirement

    6 Reasons Why Americans Retire in Panama

    Understand why more and more Americans are retiring to Latin America. Learn why Panama is a popular retirement destination for Americans.
  4. Retirement

    What Does It Cost to Retire in Panama?

    Learn how much it costs to retire comfortably in Panama, and why it has become one of the most popular retirement destinations in the world.
  5. Trading

    Top Exchange Rates Pegged To The U.S. Dollar

    From the end of World War II until around 1971, all countries in the IMF pegged their currencies to the U.S. dollar. Today, many still do.
  6. Financial Advisor

    What Are the Panama Papers and Why Do They Matter?

    The Panama leak contains 11.5 million documents, taking up 2.6 terabytes of storage. In other words, it's a lot to take in. So here's a primer.
  7. Financial Advisor

    How Will a Re-opened Panama Canal Change Global Commerce?

    The Canal is 40% of Panama's GDP. After $5.25 billion, delays and cost overruns, ships can once again traverse from the Pacific to the Atlantic in just 11 hours.
  8. Trading

    Keeping Securities Clear With Ticker Symbols

    A ticker symbol is a group of characters that represent a specific, publicly traded security that’s listed on an exchange.
  9. Taxes

    Panama Papers: Searchable Database of All 214,000 Parties Now Live

    Prepare for global mayhem.
RELATED FAQS
  1. Why Is Panama Considered a Tax Haven?

    Learn about the offshore tax haven of Panama, and discover the legal and tax structures that make Panama a premier Caribbean ... Read Answer >>
  2. What are the financial benefits of retiring in Panama?

    Discover the many financial benefits conferred to U.S. citizens who elect to make their retirement home in the Central American ... Read Answer >>
  3. Why is the U.S. dollar shown on the top of some currency pairs and on the bottom ...

    All currencies are traded in pairs. The first currency in the pair is called the base currency while the second is called ... Read Answer >>
  4. Do hedge funds have ticker symbols?

    Discover whether or not hedge funds have ticker symbols, where you can find ticker symbols and the significance of a ticker ... Read Answer >>
  5. Why isn't the EUR/USD currency pair quoted as USD/EUR?

    In a currency pair, the first currency in the pair is called the base currency and the second is called the quote currency. ... Read Answer >>
  6. How are international exchange rates set?

    International currency exchange rates display how much one unit of a currency can be exchanged for another currency. Currency ... Read Answer >>
Hot Definitions
  1. Federal Direct Loan Program

    A program that provides low-interest loans to postsecondary students and their parents. The William D. Ford Federal Direct ...
  2. Cash Flow

    The net amount of cash and cash-equivalents moving into and out of a business. Positive cash flow indicates that a company's ...
  3. PLUS Loan

    A low-cost student loan offered to parents of students currently enrolled in post-secondary education. With a PLUS Loan, ...
  4. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  5. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  6. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
Trading Center