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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 Macedonian Denar (MKD) is the official currency of North Macedonia, introduced in 1992 after the country gained independence from Yugoslavia. It is subdivided into 100 deni, and the currency is issued by the National Bank of North Macedonia. The Denar plays a crucial role in the country's economy, facilitating trade, investment, and daily transactions for individuals and businesses alike.