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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 Indonesian Rupiah (IDR) is the official currency of Indonesia, a country located in Southeast Asia. It is issued and regulated by Bank Indonesia, the nation's central bank, and plays a crucial role in facilitating trade and economic transactions within the country and with international partners.