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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 Mauritanian Ouguiya (MRU) is the official currency of Mauritania, a country located in West Africa. It serves as a medium of exchange for goods and services within the nation and is subdivided into 5 khoums. The Ouguiya is an essential part of the Mauritanian economy, facilitating trade and investment.