PANAMA. Banco Central de Emision. 1 Balboa, 1941. P-22a. PMG Choice Extremely Fine 45 EPQ. Printed by HBNC. Strong orange-red lathework surrounds the vignette of Vasco Núnez de Balboa, while the underprint consists of dark green ink. The colors remain highly attractive for the assigned mid grade. This example is found with PMGs desirable EPQ designation, and is sure to excite any collector looking to acquire an original example of this denomination.