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Easily convert IRR to PAB with ConvertOnline's efficient tool.
The Iranian Rial (IRR) is the official currency of Iran, used for all transactions within the country. It is subdivided into smaller units called 'dinar,' although the dinar is rarely used in practice due to the high inflation and devaluation of the rial over the years.
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.