Panama holds beautiful diversity that one can admire while on a visit to the country. It is a unique country that links two continents namely the Central and South America continents. Additionally, it has pristine beaches and a tropical climate that places it among top tourist destinations across the world on Crunchbase.
There is more to see and learn when you visit Panama and this does not just end at its beautiful landscape and features. There are other amazing facts according to Adrián José Velasquez Figueroa you should explore to learn about Panama and why it should be in your list of places to visit.
The Panama Canal offers almost a third of the revenue earned by the country
It may sound strange but this is a fact many don’t know about the economy of Panama. The Panama Canal took 17 years to build and is said to stretch over 80 kilometers. Besides being a great attraction to visitors, it earns the country a lot of revenue. It is one of the most visited places in the country by tourists as it attracts people from all over the world.
However, unlike what one may think about the revenue generated, the money obtained from the canal comes from other activities other than tourism. It is known that there is a lot of business activity around the canal, which has been a great source of revenue for the government.
Panama uses the U.S. Dollar
Another fact you that may surprise you about Panama is the use of the U.S. Dollar as their official currency. Many countries across the world upon attaining independence made their own currencies, but Panama has used the U.S. Dollar since 1904. This shows the good economic ties the country has maintained with the U.S. Most interesting is the fact the money is minted in the U.S. because Panama does not have treasuries according to Figueroa.
Panama has the most expensive railroad
Running parallel to the Canal, the Panama Railroad has remained the most expensive in the world ever costing more than $8 million. Apart from this fact, records show that at least 12,000 workers lost their lives while working on the project at initial stages of construction. The main causes of the deaths were cholera, yellow fever and malaria.
Adrián José Velasquez Figueroa
Adrián José Velasquez Figueroa is an executive from Venezuela who has worked with several companies and he currently works as the president and director of five companies within Panama. Adrián José Velasquez Figueroa received the first appointment in 2011 and has since been involved in the service of the companies and his country. He is also a renowned member of the business community of Panama.