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The Botswana Pula (BWP) is the official currency of Botswana, introduced in 1976 to replace the South African Rand, which was previously used. The Pula is subdivided into 100 thebe and is issued by the Bank of Botswana, serving as a vital tool for trade, investment, and economic stability in the country.
The Panamanian Balboa (PAB) is the official currency of Panama, named after the Spanish explorer Vasco NĂșñez de Balboa. It is pegged to the US dollar at a one-to-one exchange rate, which means that both currencies circulate freely in the country, making transactions convenient for both locals and tourists.