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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 Malaysian Ringgit (MYR) is the official currency of Malaysia, symbolized by 'RM'. It is used in all financial transactions within the country and is sub-divided into 100 sen, allowing for smaller denominations in everyday purchases.