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The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, a British Overseas Territory in the Caribbean. It is commonly used for transactions within the islands and is pegged to the United States Dollar (USD), making it a stable currency for both residents and visitors alike.
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.