20 Balboas version B

Panama has used the U.S. dollar as its de facto circulating currency since 1904, which makes any Panamanian banknote something of a paradox — legal tender in name, but rarely encountered in everyday transactions where dollar bills dominate entirely. The Balboa exists almost as a ceremonial assertion of national currency rights, and higher denominations like this 20 Balboa note circulate in genuinely limited quantities.

Matej Gabris is a Slovak engraver whose work appears across multiple central bank commissions; his involvement here points to an international contract issue rather than domestic production, though confirmed printing attribution for this series is not widely documented.