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The Panamanian balboa (B) = 100 centesimos. The official paper currency is the U.S. dollar, which is accepted everywhere at the rate of B1 = US$1.

Wednesday, 25 March 2009

Panama Hotels and Restaurants to be rated in a 5 star system

Finally, Panama (and Costa Rica), will introduce a rating system for all hotels and restaurants based on actual level of services and facilities.

Up to date it has not been easy to understand the quality of a hotel and the prices for low quality accommodation has increased rapidly during the last few years. With the new rating system, hopefully the mid to high quality hotel will be able to get an increased competitive advantage and the lower end hotels and restaurants may increase their level to obtain a higher ranking.

Read more in this article from La Estrella (translated by Google Translate).

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