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Showing results for tags 'money'.
When making a trip from your country of origin to Panama, each traveler or family traveling together has a limit of cash that they can take with them which is $9,999.99. If you travel with cash exceeding $10,000, and you do not duly declare it at Customs, the total amount of money can be taken away. This modality is called "Commission of a Customs Fraud Crime" or even smuggling. The reason is mainly that by not declaring the "extra" amount of money, the customs authorities assume that the intention is to harm the tax interests of the country or even to use that money for illegal purposes.
I want to write a cheque on my Canadian U.S. dollar account for deposit in a bank here. I hoped it would be easy, after all, Scotiabank Canada to Scotiabank Panama....silly me. The bank here wants $300 for a $3,000 cheque. Not gonna happen. Is there any other bank (and yes, Scotiabank Panama may lose my business over this) that will accept such a cheque without exorbitant fees? Looking for a different way to get money down here without doing a large transfer every year or so. Would like to write monthly or quarterly cheques.
Was just talking to a builder friend of mine who lives in this area. He told me he had offered to donate several thousands of dollars in materials and time to rebuild the police station at the cruce in Potrerillos. He was told no, we only want cash. THIS IS NOT ACCEPTABLE! If we, as a community, are going to donate time, materials and money to this cause then I suggest we need the following: A Corporationis formed to receive any donations. The local government donatesvthe land and the current building to the corporation. All items received sre subject to a monthly audit by a board of conce