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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 Russian Ruble (RUB) is the official currency of the Russian Federation and is subdivided into 100 kopecks. It serves as a medium of exchange for goods and services within Russia and is also used in some neighboring countries. The Ruble has a long history, dating back to the 13th century, and is an integral part of Russia's economy and financial system.