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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 Bahamian Dollar (BSD) is the official currency of the Bahamas, a country comprising numerous islands in the Caribbean. It is pegged to the United States Dollar (USD) at a 1:1 exchange rate, which aids in stabilizing the economy and facilitating trade with the United States. The currency is denoted by the symbol '$' or 'B$' to distinguish it from other dollar-denominated currencies.