PANAMA

Republic of Panama República de Panamá CAPITAL: Panamá (Panama City) FLAG: The national flag is divided into quarters. The upper quarter next to the staff is white with a blue star; the upper outer quarter is red; the lower quarter next to the staff is blue; and the lower outer quarter is white with a red star. ANTHEM: Himno Nacional, beginning “Alcanzamos por fin la victoria” (“We reach victory at last”). MONETARY UNIT: The balboa (B) of 100 centésimos is the national unit of account. Panama issues no paper money, and US notes are legal tender. Panama mints coins of 0.05, 0.10, 0.25, 0.50, 1 and 5 balboas which are interchangeable with US coins. B1 = $1.00 (or $1 = B1.00). WEIGHTS AND MEASURES: The metric system is official, but British, US, and old Spanish units also are used. HOLIDAYS: New Year’s Day, 1 January; Martyrs’ Day, 9 January; Labor Day, 1 May; National Revolution Day, 11 October; National Anthem Day, 1 November; All Souls’ Day, 2 November; Independence from Colombia, 3 November; Flag Day, 4 November; Independence Day (Colón only), 5 November; First Call of Independence, 10 November; Independence from Spain, 28 November; Mother’s Day and Immaculate Conception, 8 December; Christmas, 25 December. Movable religious holidays are Shrove Tuesday and Good Friday. TIME: 7 AM = noon GMT.