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El Salvador > El Salvador and its economics

Download the Bitcoin Law of El Salvador here

 

CURRENCY The monetary unit was the Salvadoran Colon, but since January 2001 up to date the Dollar of the United States of America is the monetary of legal tender in El Salvador. (1 USD = 8.75 Colones)

Since June 2021, the Bitcoin became a currency of legal tender in El Salvador. You can check the law regarding this matter here.

EXPORT PRODUCTS-INCOME

Rate of inflation:  5.5%. Real Rate of Growth: 1.4%. Income per inhabitant: US$ 174.24. The main export products are: coffee, pharmaceutical products, sugar, cotton, and cardboard boxes.

The expectations of economic growing for 2009 is 2.5%

EL SALVADOR MACROECONOMICS RATES

Go to  the website of Central Reserve Bank of El Salvador
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