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The Panamanian Balboa (PAB) is the official currency of Panama, named after the Spanish explorer Vasco NĂșñez de Balboa. It is pegged to the US dollar at a one-to-one exchange rate, which means that both currencies circulate freely in the country, making transactions convenient for both locals and tourists.
The Belarusian Ruble (BYN) is the official currency of Belarus, introduced in 2016 to replace the previous version of the ruble. It is abbreviated as BYN and is subdivided into 100 kopecks. The currency is crucial for everyday transactions and plays a significant role in the country's economic stability and monetary policy.