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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 Kuwaiti Dinar (KWD) is the official currency of Kuwait and is known for being one of the highest-valued currencies in the world. It is subdivided into 1,000 fils and is used primarily for domestic transactions and trade, as well as being an important currency in the Gulf region.