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The balboa is the national currency unit of Panama. It is the traditional basic monetary unit of Panama. The balboa is issued only in coins and is at par with the U.S. dollar, with U.S. paper currency freely circulated. The currency is named after Vasco Núñez de Balboa, a Spanish explorer and conquistador who was the first European to sight the eastern shore of the Pacific Ocean in 1513.12345

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