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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 South Sudanese Pound (SSP) is the official currency of South Sudan, introduced in July 2011 after the country's independence from Sudan. It is used as a medium of exchange for goods and services, facilitating trade and economic activities within the nation.