Title: El Salvador’s Currency: US Dollars ($) | Imperfect Plan
Headings: El Salvador’s Currency: US Dollars ($)
El Salvador’s Currency: US Dollars ($)
Why the United States Dollar is Used as El Salvador’s Currency
The Benefits to foreigners with US Dollars
What was the El Salvador Colón?
Do I need to exchange my money for Colóns?

Content: Why the United States Dollar is Used as El Salvador’s Currency
The United States Dollar is known around the world for being stable and secure. For a country to maintain a currency, significant government and public resources are required. El Salvador is a very small country with limited resources and limited reach globally. El Salvador produces a lot of coffee, grain, corn and beans. A large part of El Salvador’s success has come historically from its exports. Therefore the government of El Salvador decided to use a currency that was more widely accept globally in order to make trade easier. They chose the United States. Although fiat currency is a relatively simple concept, there is a lot that happens behind the scene to maintain the integrity of a country’s monetary system. Additionally, the money that country chooses to use in trade has a direct impact on trade deals. The Benefits to foreigners with US Dollars
Another benefit to using the United States dollar is the attraction that it offers to potential visitors and tourists.