Plural of 'balboa,' the basic monetary unit of Panama, named after the Spanish conquistador Vasco Núñez de Balboa.
Named after Vasco Núñez de Balboa (1475-1517), a Spanish explorer who was the first European to sight the Pacific Ocean. Panama adopted the balboa as its currency in 1904, honoring this historical figure.
The balboa is one of the few world currencies named after an explorer—and it's a fascinating choice for Panama since Balboa actually died there, executed by a fellow conquistador!
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