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The Philippine Peso (PHP) is the official currency of the Philippines, recognized by the symbol '₱'. It is subdivided into 100 centavos and serves as the medium of exchange for goods and services in the country, facilitating trade and economic activities.
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.