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The Libyan Dinar (LYD) is the official currency of Libya, introduced in 1971 to replace the Libyan pound. It is subdivided into 1,000 dirhams and is used as a medium of exchange for goods and services within the country. The dinar operates under the regulation of the Central Bank of Libya and plays a crucial role in the country's economy.
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.