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Who prints the Balboa...?
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The paper money in circulation in Panama is US dollars -- identical to the paper money in the US. Panama does have its own coins (in denominations of .01, .05, .10, .25, .50, and 1.00) with its own images; they are minted in the US and are identical to US coins in size and weight. Coins you'll find in circulation in Panama are a mix of US coins (e.g., a George Washington quarter) and Panamanian (e.g. a Vasco Nuņez Balboa quarter). No one in Panama cares if you pay them with a US coin or a Panamanian coin; they are completely interchangeable.