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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 Omani Rial (OMR) is the official currency of Oman, introduced in 1973 to replace the Omani rupee. It is subdivided into 1,000 baisa and is known for its high value compared to many other currencies, making it one of the strongest currencies in the world.