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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 Manx Pound (IMP) is the official currency of the Isle of Man, a self-governing British Crown dependency. It is pegged to the British Pound Sterling (GBP) at par, meaning that one Manx Pound is equivalent to one British Pound. The currency is primarily used for local transactions within the Isle of Man, although British Pounds are also accepted.