Since It's creation by the US in 1903 Panama has never had any inflation problems or monetary collapses. It has over 100 banks, all financially sound.
The absolute absence of a central bank in Panama created a completely market driven money supply. Panama’s economy has also chosen the US dollar as its main currency. The country must buy or obtain their dollars by producing or exporting real goods or services; Panamanians cannot create money out of magic.
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