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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 New Zealand Dollar (NZD) is the official currency of New Zealand, as well as the Cook Islands, Niue, and Tokelau. It is a decimal currency, divided into 100 cents, and is recognized for its stability and strong performance within the global market.