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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 SĂŁo TomĂ© and PrĂncipe Dobra (STN) is the official currency of SĂŁo TomĂ© and PrĂncipe, an island nation located in the Gulf of Guinea. It is subdivided into 100 cĂȘntimos and is primarily used for everyday transactions within the country, including purchasing goods and services.