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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 Seychellois Rupee (SCR) is the official currency of the Seychelles, an archipelago located in the Indian Ocean. It is used for all forms of transactions within the country, including trade, services, and tourism, reflecting the nation's economic activities and policies.