Tag Archives: Balboa

The First Paper Currency of Panama

1941 Panamanian notes are some of the most collectible and widely sought after pieces of world money in the numismatic community,

so much so that the 20 Balboa note is featured on the back cover of an issue of the Standard Catalog of World Paper Money. While this issue is relatively modern, its story is what makes any survivor a rarity of increasing value. In 1941, the then president, Dr. Arnulfo Arias, petitioned to enact Article 156 of the Panamanian constitution, authorizing the printing and issue of a national paper currency.… Read More