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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 Qatari Rial (QAR) is the official currency of the State of Qatar, a small but wealthy nation located in the Arabian Peninsula. It is subdivided into 100 dirhams and is issued by the Qatar Central Bank, which oversees its stability and circulation.