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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 Japanese Yen (JPY) is the official currency of Japan and is one of the most widely traded currencies in the world. It serves as a crucial component of the global financial system, often used as a reserve currency and a safe haven during times of economic uncertainty.