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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 Thai Baht (THB) is the official currency of Thailand, symbolized by àžż. It is subdivided into 100 satang and is issued by the Bank of Thailand, which plays a crucial role in regulating the monetary policy of the country.