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The Lesotho Loti (LSL) is the official currency of the Kingdom of Lesotho, a landlocked country surrounded by South Africa. Introduced in 1980, it is pegged to the South African Rand (ZAR) at par, meaning that both currencies can be used interchangeably in Lesotho. The currency plays a crucial role in 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.