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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): Elsalvador.com\ \ \ \