Panamanian Balboa to Malawian Kwacha | 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 Malawian Kwacha (MWK) is the official currency of Malawi. Introduced in 1971, it is issued by the Reserve Bank of Malawi. The currency plays a crucial role in the country's economy and financial stability.