Panamanian Balboa to Macedonian Denar | 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 Macedonian Denar (MKD) is the official currency of North Macedonia. Introduced in 1992 following the country's independence, it is issued by the National Bank of the Republic of North Macedonia. The currency plays a crucial role in the nation's economy and financial stability.