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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 (XDR) is an international reserve asset created by the International Monetary Fund (IMF) to supplement its member countries' official reserves. It is not a currency in the traditional sense but rather a financial instrument that can be exchanged among member countries for freely usable currencies to stabilize their economies and support international trade.