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The Ukrainian Hryvnia (UAH) is the official currency of Ukraine, introduced in 1996 to replace the karbovanets. It serves as a medium of exchange for goods and services within the country and is regulated by the National Bank of Ukraine, which also manages monetary policy and currency 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.