Dick Kesterke
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One observation on banking here in Panama.
A friend of ours, an accountant who is a US Government employee while visiting us a couple years ago explained that the National Bank is the only bank that converts currency deposited here to Balboas on the day of deposit. All other banks here maintain the currency in whatever it was deposited Yen remains Yen, etc. until time of withdrawal, if you have deposited a currency which has undergone a change in valuation it will be re-evaluated when you withdraw it.
Given the volatility of worldwide banking, I thought this was an important little known detail worthy of mentioning.
True, opening an account at the national bank requires more documentation and work, the aspect I have described above and the fact they offer direct deposit of my US social security checks has proven to be a great advantage for us.
Sincerely,
Dick Kesterke
Offered: Vintage 1954-56 Ambassadeur 5000 Baitcasting reel
in Sporting Goods and Services
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Vintage 1954-56 Ambassadeur 5000 Baitcasting reel. Excellent nearly new original condition, no replaced parts. In brown leather case with oil and vial of spare parts. $100. email: d_kesterke@yahoo.com or message me on FB.