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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 Hungarian Forint (HUF) is the official currency of Hungary, denoted by the symbol Ft. It was introduced in 1946 and has been an essential part of the Hungarian economy, facilitating both domestic and international trade.