On January 1, 2001, El Salvador "dollarized" its economy. The U. S. dollar circulated throughout the country along with the Salvadoran colon for the first year. By the end of 2002, the official currency circulating in the economy was the U. S. dollar. El Salvador abandoned its own currency and adopted the currency of the United States because:
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On January 1, 2001, El Salvador "dollarized" its economy. The U. S. dollar circulated throughout the...
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