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The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country. It is subdivided into 100 cents and is issued by the Bank of Jamaica, which is responsible for regulating monetary policy and maintaining financial stability in the nation.
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.