Panama uses the Panamanian Balboa (PAB) as its official currency. The Balboa has the same value as the U.S. dollar and is used interchangeably, though coins differ. The Panamanian Monetary Unit refers to the currency used in Panama, and other synonyms for it could be Panamanian currency, Panama money, Balboa currency, or Panamanian dollars. Additionally, some may refer to it as Central American money, as Panama shares cultural and economic ties with other nations in the region. Regardless of the synonym used, the Panamanian Monetary Unit is a stable currency that has remained largely unchanged for decades.