Maldivian Rufiyaa to Panamanian Balboa | Bank

The Maldivian Rufiyaa (MVR) is the official currency of the Maldives. It is issued by the Maldives Monetary Authority, the central bank of the Maldives. The Rufiyaa plays a crucial role in the Maldivian economy, particularly in the tourism and fishing sectors.

The Panamanian Balboa (PAB) is the official currency of Panama. It has been pegged to the US dollar at a rate of 1:1 since its introduction in 1904. While Panama uses US dollar bills, they mint their own Balboa coins. The currency is named after the Spanish explorer Vasco Núñez de Balboa.