Balboa is the Panamanian Currency but US dollars are used as paper currency in the country. This Latin American country was first to use dollar currencies in their economy.
Panama Business has shown a substantial growth over the years. The Colon Free Trade Zone of Panama is the second biggest free trade zone across the globe. Its banking sector comprises of more than 80 foreign banks. The Panama Canal has came forth as an entrance to global trade.
At present a significant growth has been noted in Panama Real Estate. Any foreigner who is 18 years of age can build and control an organization in Panama with a minimum fees and restrictions.
Panama Economy and Business has shown a satisfying growth and the country has become an important center for business in the west.