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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 Burundian Franc (BIF) is the official currency of Burundi, a landlocked country in East Africa. It plays a crucial role in facilitating trade and economic transactions within the country and is divided into 100 centimes.