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| Source:Euro News- Panamanian President Ricardo Martinelli. |
"Panama, one of the fastest growing economies in Latin America, wants to adopt the euro as legal tender to run alongside the country's US dollar economy.
President Ricardo Martinelli made the request to German Chancellor Angela Merkel during a visit to Europe."
"Panama is a country where the currency in free circulation is the American dollar and I told the chancellor we are looking for mechanisms for the euro to become another currency of legal tender and for the euro to be accepted in the Panamanian market. We would be possibly the only country in the world to have two currencies- the euro and the dollar," he said.
The president indicated he had every faith that the crisis in the eurozone would soon be at an end. Panama's economy grew by 10.6 per cent last year due to massive infrastructure spending."
From Euro News
"Euronews (styled on-air in lowercase as euronews) is a European television news network, headquartered in Lyon, France. The network began broadcasting on 1 January 1993 and covers world news from a European perspective.
The majority of Euronews (88%) is owned by Portuguese investment management firm Alpac Capital[2][3][4] with the rest partly owned by several European and North African public and state-owned broadcasting organizations.
It is a provider of livestreamed news, which can be viewed in most of the world (with the exceptions of the United States, Canada, Turkey, Singapore, China, Cuba, and North Korea)[citation needed] via its website, on YouTube, and on various mobile devices and digital media players, including Fubo TV, Sling TV, Pluto TV and Haystack News."
From Wikipedia
Panama looking to expand its market economically.
