Panamanian Balboa to Mauritanian Ouguiya | 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 Mauritanian Ouguiya (MRU) is the official currency of Mauritania. It is issued by the Central Bank of Mauritania. The Ouguiya plays a vital role in the Mauritanian economy, particularly in trade and commerce sectors.