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Costs, money and banks
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Since January 1, 2001, El Salvador has operated a dual-currency economy, with both the local currency, the
colA?n
(often called the peso), and the
US dollar
recognized as legal tender for all transactions. The colA?n, however, is slowly being withdrawn from circulation, and the dollar will become the sole unit of currency from 2003.
The colA?n is divided into 100 centavos. There are coins of 5c, 10c, 25c and 1 colA?n, and bank notes of 1, 5, 10, 25, 50, 100 and 200 colones. All US dollar notes and coins are now in free circulation Other useful information
for tourists (each section contains more specific sub-sections): |
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El Salvador |