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The Singapore Dollar (SGD) is the official currency of Singapore, serving as a medium of exchange for goods and services within the country. It is issued by the Monetary Authority of Singapore and is subdivided into 100 cents, providing a simple structure for transactions.
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.