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The South African Rand (ZAR) is the official currency of South Africa, as well as several neighboring countries. It is subdivided into 100 cents and is symbolized by the 'R' sign. The Rand is a vital part of the South African economy, facilitating trade and investment both domestically and internationally.
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.