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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.
The United Arab Emirates Dirham (AED) is the official currency of the United Arab Emirates (UAE), introduced in 1973. It is subdivided into 100 fils and is used widely across the seven emirates, facilitating trade and economic activities within the region.