Conflict of euro and dollar in Panama
Panama is one of the countries that use the U.S. dollar. Panama belonged to the American sphere of influence, particularly because Panamanian Canal, which was under the control of the United States until 1999.
Recently announced that in parallel with the U.S. dollar starts to use the euro. Announced that Panamanian President Ricardo Martinelli last week during talks with German Chancellor Angela Merkel.
Panama is sometimes called the "Switzerland of Latin America", mainly due to the large number of banks - such as the order more than in Costa Rica. Panama becomes the first country with competing currencies in circulation, albeit in a situation where the dollar has a significant head start. The further development and I am curious to watch.
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