Portobelo (formerly Puerto Bello, also Porto Belo) is a port town in Colon Province, Panama. Portobelo was founded in 1597. From the 16th to the 18th century it was an important silver-exporting port in New Granada on the Spanish Main and one of the ports on the route of the Spanish treasure fleets. Today, Portobelo is a sleepy town with a population of fewer than 5000. It has a deep natural harbor. In 1980 the fortification ruins, along with nearby Fort San Lorenzo, were declared a World Heritage Site.
Today, the town of Portobelo has a unique Afro-Caribbean-colonial flavor. It is located on the Caribbean coast of Panama with a total area of 86,000 acres; 20% of the area is designated as a marine park. A tropical rainforest meets the sea here with long, beautiful stretches of beach and incredible diving opportunities.
The currency is the "Balboa" which is the same value as the US dollar.