2023-12-11 14:16:00
This year the euro has reached maximums of over 1,000 balboas per unit. (Infobae)
The euro is quoted in today’s session at 1.08 balboas on average, so that it implied a change of 0.02% with respect to the 1.08 balboas on average of the previous day.
In the last week, the euro accumulates an increase of 2.39%, so in year-on-year terms it still maintains an increase of 1.35%.
Comparing this data with that of previous dates, add two consecutive sessions of positive numbers. In the last week, volatility presents a balance clearly lower than the volatility shown in the figures for the last year, showing itself as a value with fewer changes than expected in recent times.
The Panamanian balboa is the legal currency in Panama 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 US dollar.
The Panamanian administration issues its own currencies in cents 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 with the US dollar occurred in 1904 following the National Convention of Panama. Additionally, in 2010, the one balboa coin entered circulation, of which 40 million units were issued.
Panamanians did not receive this new currency well and accused its forced use to the detriment of the US bill, which is why the currency was called “Martinelli”, in reference to the 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.
According to the latest forecasts made by the Economic Commission for Latin America and the Caribbean (ECLAC), following there was progress in 2022 following the crisis due to the coronavirus pandemic, a decline or exhaustion of the rebound effect on recovery.
For this year, only 1.3% growth is expected for the region, as a result of restrictive monetary policies, greater limitations on fiscal spending, lower levels of consumption and investment, the poor ability to contain inflation and more.
According to ECLAC forecasts, Mexico would have growth of 1.1% by 2023.
These will be the estimated growth for these South American nations 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 Central American area 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 following growth is expected in the Caribbean region: 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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