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<p>[QUOTE=&quot;Michael K, post: 2827583, member: 78298&quot;]Kentucky is correct about it not being legal tender. However, the coins are interchangeable.</p><p>&quot;<b>As the balboa is interchangeable with the US dollar</b>, the exchange rate with the currencies of other countries is the same rate as the US dollar has with them, so to find out how your currency compares with that of Panama, simply check the rate for the US dollar.</p><p>Coins are available in denominations of 1, 5, 10, 25 and 50 centismos. Coins of higher denominations are available but these tend to be commemorative coins for special occasions. The balboa banknotes are known as the ‘7 day dollar’ as they were printed in 1941 but recalled and destroyed just a week later. These are now collectors’ items and can still be seen but are not in general circulation. These are the only Panamanian banknotes which have ever been produced. The coin with a value of 1 balboa is also not used very often, but banks can still provide it. Coins are not produced within the country itself, but are struck in other countries such as the US, the UK and Switzerland.</p><p><b>Panamanian coins are the same size, shape and weight as US coins. This means that they can be used in US vending machines and coin operated telephones, although they are not officially legal tender in the country and the practice is not strictly legal. US coins can likewise be used in Panamanian telephones and vending machines.&quot; </b>[/QUOTE]</p><p><br /></p>

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