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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 Ethiopian Birr (ETB) is the official currency of Ethiopia, introduced in 1945. It serves as a medium of exchange for goods and services within the country, facilitating both domestic and international trade.