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Funes sticks to the US dollar as El Salvador’s currency despite strain over crisis

Wednesday, June 29, 2011

Mauricio Funes, the president of El Salvador, said that he will maintain the US dollar as the nation’s currency despite having been the hardest hit in Central America by the recent world economic crisis.

“The crisis hit us harder than any other country in the region, precisely because we use the dollar,” said Funes.

Funes, however, ruled out any possibility of turning back the clock on the 2001 decision to adopt the dollar.

Original source (in Spanish): AFP