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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 Jersey Pound (JEP) is the official currency of Jersey, one of the Channel Islands. It is pegged to the British Pound Sterling at par, meaning that one Jersey Pound is equivalent to one British Pound. The currency is used for daily transactions within the island and is also accepted in some areas of the UK.