Tuesday, October 16, 2012

Panama, Latest Country To Use EURO

President Ricardo Martinelli told German Chancellor Angela Merkel on Monday during a visit to Europe, that Panama would like to introduce Euro alongside US Dollar as legal tender. 

As of now in Panama, the currency in free circulation is US Dollar. If Euro is also introduced, then it will become another currency in legal circulation and to be accepted in Panama's market.

Panama is not the first non-EU country planning to use Euro. Non-EU countries using Euro include Kosovo and Montenegro in the Balkans as well as tiny Monaco and Andorra.

Full article from Reuters.

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