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1 Balboa

Issuer Panama
Year 2015
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Value 1 Balboa
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Reverse description Central intaglio-style vignette of a classically draped allegorical female figure seated atop large barrels and bundles of goods, holding an open book; a steam locomotive and maritime vessels appear in the background to her left. Intricate guilloche rosettes incorporating a bold numeral "1" anchor each lateral margin, rendered in a monochromatic grey-green palette consistent with the archaic engraved aesthetic of the series. Collector disclaimer text is set within a ruled panel above the central vignette.
Reverse lettering EL BANCO AMERICANO DE LA REPÚBLICA DE PANAMÁ PRO MUNDI BENEFICIO NON-NEGOTIABLE FANTASY ART BANKNOTE - FOR COLLECTORS, DISPLAY, OR PROP USE ONLY ARTISTIC CONCEPT - NOT A GENUINE EMISSION OF PANAMA ©2015 RICHARD J. REED CONCEPTO ARTISTICO - NO UNA EMISION ORIGINAL DE PANAMA UN BALBOA REED BANKNOTE CO., SARASOTA
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Comments

Panama does not have a central bank and has never issued its own paper currency through one — the US dollar circulates as legal tender, with Panamanian coins (balboas) serving as the local denomination in metal. This 1 Balboa note is therefore a novelty or commemorative item, not an official state-issued banknote. Reed Banknote Co., operating out of Sarasota, produces private commemorative notes for collectors rather than government circulation issues.

Catalog inclusion depends on how the issuer field is interpreted. No legal tender status attaches to this piece under Panamanian law.