1.1 Three interesting facts about Panama

 • The third place of the most visited countries in Latin America is occupied by Panama.

Panama is highlighted as the third tourist power, due to its geographical location and favorable environment for doing business. His position is outstanding and is above Costa Rica, Argentina and Chile.

• The largest fleet in the world is conducted by boats that wave the flag of Panama.

Each merchant ship is registered in a country, which is known as the flag state.

  Panama, the Marshall Islands and Liberia are in charge of being the main flag states in the world.

  About 8,600 ships fly the Panamanian flag. By comparison, the United States has about 3,400 registered vessels and China just over 3,700.

• The Balboa is used exclusively in accounting terms, for this reason Panama does not have a traditional central bank.

The history of the National Bank of Panama is linked to that of the Republic. Founded six months after the birth of the Republic as Banco Hipotecario y Prendario.