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National Bank of Panama

 

National Bank of Panama Logo

The National Bank of Panama (Spanish: Banco Nacional de Panamá) is one of two Panamanian government-owned banks. All the banks in Panama are separate Panama banking corporations under a Panama Banking License and covered by Panama Banking Secrecy. Panama does not have any official Central Bank. The absence of a central bank in Panama has created a completely market-driven money supply.

 


Panama's market has also chosen the US dollar as its de facto currency. The country must buy or obtain their dollars by producing or exporting real goods or services; it cannot create money out of thin air. In this way, at least, the system is similar to the old gold standard.

This market-driven system has created an extremely stable macroeconomic environment. Panama is the only country in Latin America that has not experienced a financial collapse or a currency crisis since its independence.
 

 

National Bank of Panama HQ Location Map

National Bank of Panama
HQ Address: Via Spain
Panama City
Republic of Panama
Tel: +507 505 2000
Fax: N/A
Website: www.banconal.com.pa
Swift Code: NAPAPAPA
Currency: US Dollar
Banking Hours: Mon - Fri : 9.30am - 4.30pm
 

 

The National Bank of Panama accepts that the credibility of its policy and actions is a prerequisite for the attainment of its goals and that such credibility can only be achieved and maintained through independent action, firmness of principle, resoluteness and fixed intent.
 

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