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The Kiribati Dollar (KID) is the official currency of Kiribati, an island nation in the central Pacific Ocean. It is tied to the Australian Dollar at par, meaning that 1 Kiribati Dollar is equivalent to 1 Australian Dollar, facilitating trade and economic stability in the region.
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.