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| *Travel Tips>>>Panama Travel Tips |
What are panama's currency? |
Travel Info and natural resources Travel Tips Panama's monetary unit is the Balboa, but it is only coins. Prices of items in local stores are posted either in Balboa or in U.S. dollars, which are equivalent in value, i.e. 1 balboa = 1 us dollar. Panama's major natural resources are water and its geographical position, which Panama has exploited for centuries as a trade center and today, it has been further developed through the Panama Canal, international ports, oil pipeline, a financial center, a Free Zone, and production centers. Other natural resources are shrimp, gold, non-traditional. agricultural products Others Monetary units: balboa; U.S. dollar Industries: construction, brewing, cement and other construction materials, sugar milling. Natural resources: copper, mahogany forests, shrimp, hydropower. Exports: $5.699 billion (f.o.b., 2004 est.): bananas, shrimp, sugar, coffee, clothing (1999). Imports: $7.164 billion (f.o.b., 2004 est.): capital goods, foodstuffs, consumer goods, chemicals. Major trading partners: U.S., Nigeria, Germany, South Korea, El Salvador, Peru, Costa Rica, Belgium, Japan, China, Singapore (2003). Hola! I am from Panama. I miss my country a lot. I moved to the states before the war started with Manuel Antonio Noriega. I was 10 years old. I read the other 2 answers and I agree with them....here are some websites you should read too. Also....read about the war that Manuel Noriega started. http://www.bruceruiz.net/ http://www.bruce.ruiz.net/currency/panam... http://www.bellsouthpwp.com/r/u/ruiz_b/c... http://www.factmonster.com/ce6/people/a0... Modified 11 months ago We officially use the Dollar. But we have the Balboa, which is suppoused to be our national currency, but its only coins ... of course there is a hidden reason why we use dollars since the 40's and why we have both currencies mixed, but that is nother story. HUM....EURO'S OR KRONERS?? |
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