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All in all, Panama City itself isn't really much of an attraction in my opinion. Casco Viejo is nice (during the daytime) and the Panama Canal is interesting for a one time tour but the city is sorely lacking in cool places to just hang out.
There is a nice park in Punta Paitilla by the ocean that can be a relaxing diversion. I find Panama's charm is best on display outside the city in places like Bocas Del Toro and Isla Grande. Isla Coiba and Isla Contadorra are also awesome to visit.
I have lived in Panama now for over 1.5 years and I have never felt any danger... but I also live in a relatively nice neighborhood in the downtown / Avenida Balboa area.
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