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He American dollar was negotiated at closing 1 balboa on averagewhich implied a very insubstantial change compared to the price of the previous day, when it ended with 1 balboa on average.
In the last week, the American dollar accumulates an increase of 2.42%so that since a year ago it has still accumulated an increase in 2.48%.
Analyzing this data with that of previous dates, two consecutive sessions were chained without a marked trend. In reference to the volatility of the last week, it presented a balance lower than the volatility reflected in the data from the last year, therefore in this last phase it is trending less variations than expected.
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 independent money, but a local version of the US dollar.
The Panamanian administration issues its own currencies in hundredths and balboas equivalent to dollars although these currencies are not legal tender 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 with the US dollar occurred in 1904 after the National Convention of Panama. Later, in 2010, the one balboa coin entered circulation, of which 40 million units were issued.
The reception of this currency was negative and Panamanians accused a forced use of it to the detriment of the US bill, so the motto was called “Martinelli”in reference to Panamanian president Ricardo Martinelli, who promoted it.
An attempt was also made to mint coins of two and five balboas, but the project was later cancelled. Currently there are coins of one and five hundredths in circulation; a tenth, a quarter and a half of a balboa, as well as one balboa.
The latest forecast made by the Economic Commission for Latin America and the Caribbean (ECLAC) 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, as result of restrictive monetary policiesgreater limitations in fiscal spending, lower levels of consumption and investment, little ability to contain inflation and more.
According to ECLAC forecastsMexico would have a growth of 1.1% by 2023.
These will be the estimated growth 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 area of Central America there are: 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 Dominican Republic (4.7%).
Finally, the region of Caribbean, the following growth is expected: Antigua and Barbuda (7.8%); Bahamas (4.1%); Barbados (3.5%); Belize (2.0); Dominica (3.5%); Grenada (3.6%); Jamaica (3%); Saint Vincent and the Grenadines (3.7%); Saint Lucia (5.9%); Suriname (2.4%); Trinidad and Tobago (2%).
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