Why Does Panama Use the US Dollar Alongside the Balboa?

Why Does Panama Use the US Dollar Alongside the Balboa

The use of the US dollar in Panama dates back to 1904, a year after Panama gained independence from Colombia. The US played a significant role in Panama’s independence and the subsequent construction of the Panama Canal. To stabilize the new nation’s economy and simplify financial transactions related to the canal construction, Panama adopted the … Read more

Guatemala vs. Panama: Comparing Culture, History, and Travel

guatemala panama

Guatemala and Panama’s diverse and vibrant cultures for a captivating glimpse into Central America. From ancient Mayan ruins to bustling markets, these nations have unique allure. In Guatemala, you’ll find a blend of indigenous traditions and Spanish influences. Colorful textiles tell stories of centuries past and colonial architecture showcases the country’s heritage. Meanwhile, Panama City … Read more