Following the release of our new $1 Balboa is our new quarter.

Late in 2016 the nation began circulating a quarter-balboa coin struck by the Royal Canadian Mint and featuring color on the obverse.

Inside a colorized circle a pair of workers dig on the canal. Massive steam shovels and their gear teeth also appear in the design. The inscription references the 1907 construction of the canal.

The reverse features the standard coat-of-arms design for Panama.