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The Panamanian Balboa (PAB) is the official currency of Panama, named after the Spanish explorer Vasco N煤帽ez 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 Icelandic Kr贸na (ISK) is the official currency of Iceland, established in 1885. It serves as the primary medium of exchange for goods and services within the country and is essential for the functioning of Iceland's economy.