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The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, an island nation located in the central Atlantic Ocean. It is subdivided into 100 centavos and is used for all forms of monetary transactions within the country, including trade, services, and tourism.
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.