The E-Sylum:  Volume 5, Number 41, October 13, 2002, Article 3

LIBRARY DETECTIVE WORK: PANAMA CURRENCY

  Last week's item about researching Panamanian currency
  inspired Jess Gaylor to do some digging in his own library.  He
  writes: "I own a signed copy of the reference book, "Coins and
  Currency of Panama" by Capt. Julius Grigore Jr. USNR. There
  I found the following information:

  Denomination   Number Printed
        1                 720,000
        5                 100,000
       10                100,000
       20                  25,000

  These were printed after the enactment of Article 156 under
  Presidente Arnulfo Arias.  The first issuance of the Arias
  Notes as they became known was made on Oct. 2, 1941.
  These were engraved and printed by the Hamilton Note
  Company of New York City.  Each bill is exactly the same
  size as US Paper Currency.  The reason these became
  known as the seven day notes was that President Aria was
  deposed after seven days in office.  Of the 945,000 notes
  issued as of 1959 there were 3,000 balboas total.  Numbers
  of each bill  unknown.  All are listed as extremely rare in the
  Encyclopedia of World Paper Money.  (All credit goes to
  Capt. Grigore as the author, I just read and rewrote)."

  Wayne Homren, Editor

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