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The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, an island nation located in the central Atlantic Ocean. It is subdivided into 100 centavos and is used for all forms of monetary transactions within the country, including trade, services, and tourism.
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.