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The Bolivian Boliviano (BOB) is the official currency of Bolivia, introduced in 1987 to replace the previous currency, the Bolivian peso. It is subdivided into 100 centavos and is used in all transactions within the country, playing a crucial role in facilitating trade and economic activities.
Special Drawing Rights (SDR) is an international reserve asset created by the International Monetary Fund (IMF) to supplement its member countries' official reserves. SDRs are allocated to member countries in proportion to their IMF quotas and can be exchanged among members for freely usable currencies, providing liquidity in the global economy.