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Easily convert XDR to COP with ConvertOnline's efficient tool.
Special Drawing Rights (XDR) is an international reserve asset created by the International Monetary Fund (IMF) to supplement its member countries' official reserves. It is not a currency in the traditional sense but rather a financial instrument that can be exchanged among member countries for freely usable currencies to stabilize their economies and support international trade.
The Colombian Peso (COP) is the official currency of Colombia, established as the country's legal tender in 1821. It is represented by the symbol '$' and is subdivided into 100 centavos. The Colombian Peso plays a crucial role in the country's economy, facilitating trade, investment, and everyday transactions among its citizens and businesses.