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The Liberian Dollar (LRD) is the official currency of Liberia, a country located on the West African coast. It was first introduced in 1847, shortly after the country declared its independence, and serves as a medium of exchange for goods and services within the nation. The currency is subdivided into 100 cents and is used alongside the United States Dollar, which is also widely accepted in Liberia.
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.