Panamanian Balboa to Malagasy Ariary | Bank

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.

The Malagasy Ariary (MGA) is the official currency of Madagascar. Introduced in 2005 to replace the Malagasy Franc, it is issued by the Central Bank of Madagascar. The currency plays a vital role in the country's economy and financial stability.