The official currency is the Balboa but in practice the currency used day to day is the U.S dollar which is also legal tender.
ATMs are common in major cities usually connected to major banks. Fee commonly $3 with withdrawal limit seldom under $500.
Credit Cards: Not every store is set up to take credit cards especially in remote places. Don’t let your credit card out of sight as there is a large credit card cloning industry in the country.
Taxi fares are based on zones or areas, and not determined by meters - cab drivers are required to carry a copy of the zone chart with them at all times. Most fares within the metropolitan area average between B/2.00-B/2.50, and for each addition person there is a B/.0.25 surcharge. Trips from Panama City to Tocumen International Airport cost approx. B/20.00 per person, with each additional person paying B/.5.00.