On this day, 122 years ago, November 3, 1903 (September 15, 1903 in the lunar calendar), the Republic of Panama was founded. The new city, the Republic of Panama, referred to as Panama, is the southernmost country in Central America with a total area of 75517 square kilometers. The capital city, Panama City. In 1501, Panama was colonized by Spain. On November 3, 1903, the Republic of Panama was established. The Panama Canal, which connects the Atlantic Ocean and the Pacific Ocean in the center of Panama, has an important strategic position and is the dividing line between South and North America. On December 31, 1999, the United States returned all land, buildings, infrastructure and all management rights of the Panama Canal to Panama. Given its important geographical location, the focus of Panama's economy is the service industry, mainly finance, trade and tourism. The financial industry and entrepot trade are developed and occupy an important position in the economy. Since Panama's establishment and trade have important relations with the United States, Panama has used the U.S. dollar as its currency since 1907. Its national currency is Balboa, which is equivalent to the U.S. dollar and used within the country at the same time. It is the first country in the world other than the United States. Use the U.S. dollar as legal tender. President Ricardo Martinelli, Ricardo Martinelli, took office on July 1, 2009 for a five-year term. In the center of old Panama City is Independence Square, surrounded by towering twin towers of the Catholic Church. Panamanian beauties, dancing beauties The women's Catholic Church in traditional costumes is built along the Panama Canal Railway, enjoying the scenery from the skylight carriage. Portobelo, a world cultural heritage site, has an excellent port location that has caused many wars and seizures, but now only ruins and tranquility remain. The "World Bridge" Panama Canal connects the Atlantic Ocean and the Pacific Ocean from south to north and is known as the "World Bridge".