PA — Panama

Panama is the southernmost country in Central America, famous for the Panama Canal connecting the Atlantic and Pacific Oceans. Panama City, the capital, is a major international banking and business center with a distinctive modern skyline. Panama uses both the Balboa (PAB) and the US Dollar as legal tender — the Balboa is pegged at par with USD and exists only as coins, with US Dollar bills serving as paper currency. For developers, the PA country code maps to the es-PA locale for Panamanian Spanish. The .pa domain and +507 calling code serve Panama's digital ecosystem. Panama's dual-currency system (PAB coins + USD bills) is unique — applications should typically display prices in USD/PAB interchangeably. Panama has no central bank in the traditional sense, which affects financial system architecture. The Panama Canal's global shipping importance means the PA code appears frequently in maritime and logistics software. Panama's banking secrecy history also makes it relevant in financial compliance contexts.