What Currency Does Panama Use?
Facts last checked 31 August 2026.
Exchange rate (approximate):
1 USD ≈ 1 USD
1 GBP ≈ 1.3406 USD
Rates are indicative (July 2026) and change daily. Always check live rates before travelling. Rates by Exchange Rate API.
Travel Money Card
Travelling to Panama? Avoid poor airport exchange rates — a prepaid travel money card or multi-currency card usually gets you a far better deal on United States dollar spending.
What is money called in Panama?
Money in Panama is called the United States dollar — its ISO 4217 currency code is USD, and its symbol is $. The United States dollar is the official legal tender in Panama and is used for all everyday transactions — from paying for goods and services to converting money at banks and exchange bureaus. When travelling, you may also see it referred to as the Panama currency or simply money in Panama. The United States dollar is subdivided into 100 cents, though small-denomination coins may not always be in everyday circulation.
Is the United States dollar used anywhere else?
Yes — United States dollar (USD) is also used in Bahamas, Cambodia, Ecuador, El Salvador, Marshall Islands and 4 other countries.
Practical money tips for Panama
Card payments are widely accepted in most cities, but it's still worth carrying some United States dollar in cash for smaller vendors, local transport and rural areas. Notify your bank before travelling to avoid transactions being blocked, and compare card fees — many cards charge a foreign transaction fee that a dedicated travel money card avoids.
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Money essentials for Panama
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Panama currency — FAQ
What is the currency of Panama?
The currency of Panama is the United States dollar (currency code: USD, symbol: $).
What is the currency code for Panama?
The ISO 4217 currency code for the United States dollar is USD.
What is the United States dollar symbol?
The symbol for the United States dollar is $. You will see this on price tags and receipts throughout Panama.
What currency is used in Panama?
The official currency used in Panama is the United States dollar (USD).
Can I use US dollars in Panama?
The official currency of Panama is the United States dollar, not the US dollar. While USD may be accepted in some tourist hotels and major cities, you will generally get better rates paying in United States dollar and should exchange money before or on arrival.
What is the exchange rate for Panama?
As of July 2026, approximately 1 USD = 1 USD and 1 GBP = 1.3406 USD. Rates change daily — always check a live source before travelling or sending money.
What is money called in Panama?
Money in Panama is called the United States dollar (USD).
Do other countries use the United States dollar?
Yes — United States dollar (USD) is also used in Bahamas, Cambodia, Ecuador, El Salvador, Marshall Islands and 4 other countries.
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