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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 Azerbaijani Manat (AZN) is the official currency of Azerbaijan, introduced in 1992 following the countryâs independence from the Soviet Union. It serves as a medium of exchange for goods and services within the nation and is integral to the country's economy.