Panama policy interest rate
Central-bank policy interest rate. Panama has no central bank and no policy rate: this series is a structural null.
| Current value | structured — see the API |
|---|---|
| In force from | 1904-06-28 |
| Official source | Constitución Política de la República de Panamá, arts. 261-262 (Texto Único, G.O. 25176 de 15 de noviembre de 2004); Ley 84 de 28 de junio de 1904 (crea el balboa); Convenio Monetario Panamá-EE.UU. de 20 de junio de 1904 |
| Last verified | 2026-07-20 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
STRUCTURAL NULL - stronger than Ecuador's: Panama has NEVER had a central bank, so no policy rate exists or has ever existed. Legal architecture: Ley 84 de 28 de junio de 1904 created the balboa (PAB) at par with the USD; the Convenio Monetario with the USA (20 June 1904) made the US dollar legal tender, and USD banknotes are the circulating paper currency (Panama mints only coins). Constitution art. 261: the power to issue money belongs to the State, transferable only to official banks of issue (none exists); art. 262: 'No habrá en la República papel moneda de curso forzoso' (no forced-tender paper money) - article numbers per the post-2004 consolidated text (pre-reform editions number these 258-259). There is no monetary authority: the Superintendencia de Bancos de Panamá (Decreto Ley 9 de 26 de febrero de 1998, Texto Único per Decreto Ejecutivo 52 de 30 de abril de 2008) is a prudential regulator only and sets no rates; the Banco Nacional de Panamá is a state commercial bank, not a central bank. Local lending/deposit rates follow US monetary conditions. Do NOT proxy with any US Fed rate or SBP reference rates. Access quirk: the official Ministerio Público constitution PDF (ministeriopublico.gob.pa) timed out from our location; text verified against the Georgetown PDBA consolidation (URL cited) and cross-checked with panama.justia.com.
Get it programmatically
curl https://usaref.dev/v1/pa/policy-rate
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://usaref.dev/v1/pa/policy-rate/history?from=2020-01-01
# Provenance: curl https://usaref.dev/provenance/pa/policy-rateOther Panama series: VAT rate · minimum wage · public holidays · inflation rate (CPI) · corporate tax rate · income tax rates