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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 British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories. It is one of the oldest currencies still in use today, known for its stability and significance in the global financial market.