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World Bank

Why the U.S. Dollar Works for Panama

Why the U.S. Dollar Works for Panama

In the international economy, Panama is considered stable and reliable. One reason: the economic system is rooted in the U.S. dollar. The use of the dollar makes Panama unique in the global economy and an easy trading partner. Other countries…

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Panama Considers Crypto as Legal Tender

Panama Considers Crypto as Legal Tender

The government of Panama is about to consider new legislation that would provide a dramatic boost for the role of cryptocurrency in the local economy. Congressman Gabriel Silva has announced plans to introduce a bill that would recognize cryptocurrency as…

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