Panama adopted the us dollar as its official paper money in, Ask an Expert

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Panama adopted the U.S. dollar as its official paper money in 1904. Currently, $400 million to $500 million in U.S. dollars is circulating in Panama.

If interest rates on U.S. Treasury securities are 7%, what is the value of the seignorage that Panama is forgoing by using the U.S. dollar instead of its own-issue money?

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Project Management, Management Studies

Category:- Project Management
Reference No.:- M92033129

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