Thursday, October 21, 2021

Logo Central America Link

El Salvador opts for coins instead of dollar bills. Government spends $500,000 a year to replace paper money

Thursday, August 18, 2011

\ The US dollar is El Salvador’s national currency, but from September dollar bills will be replaced by new coins.\ \ The central bank opted to make the coins because of the short lifespan of the dollar bills.\ \ The government had to spend about $500,000 a year in order to swap old dollar bills for new ones.\ \ Original source (in Spanish):\ \ \ \