Discover Panama: Currency, Language, and Useful Tips

Currency:

The official currency of Panama is the Balboa (PAB). However, it’s intriguing to note that Panama does not print Balboa banknotes. Instead, it uses the US dollar (USD) for all paper transactions, and it has a 1:1 parity with the Balboa. Panama does mint its own coins, which coexist with US coins at the same value.

Tip: If you’re traveling from the United States, you won’t need to exchange your money. However, bear in mind that some Panamanian coins might not be accepted elsewhere outside Panama.

Language:

The official language of Panama is Spanish. While many people, especially in tourist areas, speak English, it’s helpful to know some basic Spanish phrases to enhance your travel experience.

Tip: Learning basic phrases such as “Hola” (Hello), “Gracias” (Thank you), and “¿Cuánto cuesta?” (How much does it cost?) can be very helpful and can pave the way for interactions with locals.

General Tips for Traveling in Panama:

• Climate: Panama boasts a tropical climate, so it’s advisable to wear lightweight clothing and bring an umbrella, especially if you’re traveling during the rainy season (from April to December).
• Transport: In Panama City, the metro is an efficient and economical mode of transport. Taxis are also plentiful, but ensure to agree on a price before boarding or make sure the taximeter is turned on.
• Food: Panamanian food is both delicious and diverse. Don’t miss out on local dishes like “sancocho,” “ceviche,” or “Panamanian tamales”. Also, savor the fresh fruits available in local markets.
• Safety: As with any tourist destination, it’s essential to watch over your belongings and avoid poorly lit or solitary areas at night. Overall, Panama is a safe destination for tourists.
• Geographical Diversity: While it’s renowned for the Panama Canal, the country offers a striking range of landscapes, from beautiful beaches to mountains and tropical rainforests. Plan your itinerary to experience a bit of everything.