Dollar: closing price today February 21 in Panama

He American dollar was traded at the close of 1 balboa on averagewhich implied a variation of 3% compared to the figure of the previous session, where it ended with 0.97 balboa on average.

Considering the last seven days, the American dollar gets a raise 2.16% and for a year he still accumulates an increase of 2.4%.

Regarding the variations of this day compared to the previous days, there are notable fluctuations in the value of this asset. The volatility referring to the last week was obviously higher than that accumulated over the last year, so it shows greater variations than the general trend of the value.

dollar-style

In Panama, the legal tender is called the balboa. and is abbreviated PAB; It is divided into 100 cents and what characterizes it is that it is not an independent currency, but a local version of the American dollar.

The Panamanian administration issues its own coins in hundredths and balboas equivalent to dollars although these currencies are not accepted in the United States . This is not the only case, since the Tuvaluan and Kiribati dollars have the same relationship with the Australian dollar.

This link to the US dollar occurred in 1904 after the Panama National Convention. Also, in 2010, the one balboa coin entered circulation, of which 40 million units were issued.

The reception of this currency was negative and the Panamanians denounced a forced use of it to the detriment of the American bill, which is why the currency was called “Martinelli”in reference to Panamanian President Ricardo Martinelli, who promoted him.

An attempt was also made to produce two and five balboa coins, but the project was later cancelled. Currently, there are one and five hundredth coins in circulation; a tenth, a quarter and a half of a balboa, as well as a balboa.

The latest forecast made by the Economic Commission for Latin America and the Caribbean (Cepal) at the end of last year, by 2023, a decline or exhaustion of the rebound effect is expected in recovery.

For this year, only 1.3% growth is expected for the region, because result of restrictive monetary policiesgreater limitations on budget spending, lower levels of consumption and investment, weak ability to contain inflation and more.

According to ECLAC forecastsMexico would grow by 1.1% by 2023.

These will be the estimated growths for these nations of South America in 2023: Argentina (1%), Bolivia (3%), Brazil (1%); Chile (-0.9); Colombia (1.9%); Ecuador (2%); Paraguay (4%); Peru (2.2%); Uruguay (3%); Venezuela (5%).

For the domain of central America we have: Costa Rica (2.8%), Cuba (1.8%); El Salvador (1.9%); Guatemala (3.3%); Haiti (0%); Honduras (3.3%); Nicaragua (2.1%); Panama (4.2%); and the Dominican Republic (4.7%).

As for the region of Caribbean, the following growth is expected: Antigua and Barbuda (7.8%); Bahamas (4.1%); Barbados (3.5%); Belize (2.0); Dominican (3.5%); Pomegranate (3.6%); Jamaican (3%); Saint Vincent and the Grenadines (3.7%); Saint Lucia (5.9%); Suriname (2.4%); Trinidad and Tobago (2%).