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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 Vanuatu Vatu (VUV) is the official currency of Vanuatu, an archipelago nation located in the South Pacific Ocean. Introduced in 1981, the Vatu serves as a medium of exchange for goods and services within the country and is subdivided into 100 centimes.