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50 Centésimos Banco Nacional de Panamá
| Issuer | Panama |
|---|---|
| Year | 2009 |
| Type | Commemorative circulation coin |
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| Obverse description | Central field features the national coat of arms of Panama, depicting a quartered shield supported by a banner inscribed PRO MUNDI BENEFICIO, flanked by a cornucopia and a winged harness on either side, surmounted by a displayed eagle with outstretched wings. Nine five-pointed stars are arranged in an arc above the coat of arms. The legend REPUBLICA DE PANAMA curves along the upper periphery, while the date 2009 appears in the exergue below. |
|---|---|
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| Reverse script | Latin |
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| Additional information |
Panama's coinage has always occupied an odd constitutional position: the republic has no central bank with currency-issuing authority in the conventional sense, and the U.S. dollar circulates as legal tender alongside Panamanian-struck coins, which are pegged at parity. The Banco Nacional de Panamá is a state commercial bank, not a central bank, making it an unusual issuing authority by any standard.
KM#139 continues a series format established decades earlier, largely unchanged in specification — a deliberate decision to maintain interchangeability with the U.S. half dollar, which it matches closely in size and weight.