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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 Malawian Kwacha (MWK) is the official currency of Malawi, a country located in southeastern Africa. It serves as a medium of exchange for goods and services within the country, facilitating trade and economic activity among its citizens and visitors.