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The Paraguayan GuaranĂ (PYG) is the official currency of Paraguay, serving as a medium of exchange for goods and services in the country. It is subdivided into 100 centavos and is issued by the Central Bank of Paraguay, which regulates its supply and value to maintain economic stability.
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.