Salvadoran colón

colóncolonSalvadoran colonEl SalvadorSalvadoran
The colón was the currency of El Salvador between 1892 and 2001, until it was replaced by the U.S. dollar.wikipedia
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Centavo

Centavos
It was subdivided into 100 centavos and its ISO 4217 code was SVC.

ISO 4217

codecurrency codeISO 4217 currency code
It was subdivided into 100 centavos and its ISO 4217 code was SVC.

Francisco Flores Pérez

Francisco FloresFrancisco Guillermo Flores PérezFlores
On January 1, 2001 under the government of President Francisco Flores, the Law of Monetary Integration went into effect and allowed the free circulation of U.S. dollar in the country (see dollarization), with a fixed exchange rate of 8.75 colones.
During his tenure as President, he oversaw the replacement of the Salvadoran colón with the US dollar as El Salvador's official currency.

Salvadoran peso

pesopesosSalvadoran
The colón replaced the peso at par in 1919.
The peso was replaced in 1919 by the colón, at par.

El Salvador

SalvadoranSalvadorRepublic of El Salvador
The colón was the currency of El Salvador between 1892 and 2001, until it was replaced by the U.S. dollar.
The colón, the official currency of El Salvador since 1892, was replaced by the U.S. dollar in 2001.

National Palace (El Salvador)

National PalacePalacio Nacional
To finish the project, legislation was passed that collected one colon for every quintal of coffee exported.

Tazumal

Chalchuapa
Until 2001, the Salvadoran 100 colón note carried an illustration of the ruins of Tazumal.

Izalco (volcano)

IzalcoIzalco Volcano Izalco
The volcano is visited and climbed regularly by tourists to El Salvador via the Cerro Verde National Park and is a national icon of the country, even featured on the 10 colón bank note (US dollars replaced the colon in 2001, so the bank note is no longer in circulation).

Spanish language

SpanishSpanish-languageCastilian
The plural is "colones" in Spanish and the currency was named after Christopher Columbus, known as Cristóbal Colón in Spanish.

Christopher Columbus

ColumbusCristoforo ColomboColón
The plural is "colones" in Spanish and the currency was named after Christopher Columbus, known as Cristóbal Colón in Spanish.

Unicode

Unicode StandardUnicode Transformation FormatThe Unicode Standard
The symbol "₡" has Unicode code point U+20A1, and the decimal representation is 8353.

HTML

Hypertext Markup LanguageHTML 3.2HTML 4
In HTML it can be entered as ₡.

Cent (currency)

centcents¢
The colón sign is not to be confused with the cent sign, which has a code point U+00A2 in Unicode (or 162 in decimal), or with the cedi sign ₵, which has a code point U+20B5 in Unicode (or 8373 in decimal).

Ghanaian cedi

cedicedisGH₵
The colón sign is not to be confused with the cent sign, which has a code point U+00A2 in Unicode (or 162 in decimal), or with the cedi sign ₵, which has a code point U+20B5 in Unicode (or 8373 in decimal).

Carlos Ezeta

On October 1, 1892, the government of President Carlos Ezeta, decided that the Salvadoran peso be called 'Colon', in homage to the "discoverer" of America.

United States dollar

US$$USD
The colón was the currency of El Salvador between 1892 and 2001, until it was replaced by the U.S. dollar.

Currency substitution

dollarizationdollarisationdollarized
On January 1, 2001 under the government of President Francisco Flores, the Law of Monetary Integration went into effect and allowed the free circulation of U.S. dollar in the country (see dollarization), with a fixed exchange rate of 8.75 colones.

Maximiliano Hernández Martínez

Maximiliano Hernandez MartinezGeneral Hernández MartinezGeneral Maximiliano Hernández Martínez
In response, the government of General Maximiliano Hernández Martínez hired an Englishman named Frederick Francis Joseph Powell to analyze and structure the Salvadoran banking body.

Coatepeque Caldera

Lake CoatepequeLago de CoatepequeLago de Coatepeque (Coatepeque Lake)

Central Reserve Bank of El Salvador

Banco Central de Reserva de El SalvadorCarlos Gerardo AcevedoCentral Bank of El Salvador
Thus through the presidential initiative on June 19, 1934, the Legislature approved the creation of the Central Bank of El Salvador, an institution whose objectives are set to control the volume of credit and demand of currency, and was also conferred the exclusive power to issue monetary kind.

Economy of El Salvador

El SalvadorSalvadoran economyEl Salvador's economy
Having this hard currency buffer to work with, the Salvadoran Government undertook a monetary integration plan beginning 1 January 2001, by which the U.S. dollar became legal tender alongside the colón, and all formal accounting was undertaken in U.S. dollars.