Tuesday, March 13, 2007 at 22:02
I was trying to decide on the type of cash to have on hand when I visit Panama. Are travelers checks widely used in Panama? Or, do they prefer cash and credit cards?
Wednesday, March 14, 2007 at 06:15
You best bet is some cash... always take some small bills... I couldn't buy a $5 tourist card at the airport with a $20 and you need that to enter!
A credit card is good for hotels and some restaurants and a ATM card is good for getting cash when you need it.
Panama uses US dollars so there no exchange issues.
Wednesday, March 14, 2007 at 11:51
Yes, cash is the way to go and small bills. It seems that people really don't have change. So you should probably bring bills from $10.00 and less. Also, include your debit card because Panama has lots of ATM machines.
Wednesday, March 14, 2007 at 11:57
You will probably have to cash the travelers checks at a bank as some businesses don`t like to accept them (takes up to 21 days in Panama to clear a travelers check). Travelers checks are the safest money document to travel with, but be prepared to stand in line and at some small banks.