Moderators Moderator_02 Posted November 14, 2018 Moderators Share Posted November 14, 2018 Quote Coins to replace dollar bills for Christmas Posted on November 13, 2018 in Panama Heading for a piggy bank near you Post Views: 333 One dollar banknotes will be in short supply in the Christmas shopping frenzy as The National Bank of Panama will not be distributing them to banks from November 16. The order is temporary, although no deadline for the lifting of the measure has been set. The reason for the move is to boost the circulation of the Canadian minted commemorative Balboa coins marking World Youth Day(WYD). The Juan Carlos Varela administration ordered 36 million of them The coin which is not popular among users is usually referred to as a “Martinelli ” or by the more outspoken as a ladrone (thief), Piggy banks will likely be in big demand as overweighted purses and pockets are emptied. Students of economics might be tempted to quote Gresham’s Law: “Bad money drives out good” https://www.newsroompanama.com/news/panama/coins-to-replace-dollar-bills-for-christmas-and-wyd Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.