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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 Chinese Yuan (Offshore) (CNH) is a version of Chinaâs official currency, the Renminbi (RMB), traded outside mainland China. It is mainly used in international markets such as Hong Kong and allows freer exchange rate movements compared to the onshore Chinese Yuan (CNY).