The Panamanian Balboa and the U.S. Dollar

How does the Panamanian Balboa relate to the US Dollar? Do you have to exchange one for the other? It may not be as you imagine.

As mentioned in the video:

Download a copy of the Constitution of the Republic of Panama in English here - https://www.constituteproject.org/constitution/Panama_2004.pdf/eng

Descargue una copia de la Constitución de la República de Panamá en español aquí -
https://ministeriopublico.gob.pa/wp-content/uploads/2016/09/constitucion-politica-con-indice-analitico.pdf

Thanks to Cristhian Carreño for the cover photo taken in the province of Veraguas.

Видео The Panamanian Balboa and the U.S. Dollar канала Bob Adams