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The Turkish Lira (TRY) is the official currency of Turkey and the Turkish Republic of Northern Cyprus. It serves as a medium of exchange for goods and services within the country and plays a crucial role in the Turkish 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.