El Salvador ready for dollarisation, says Barraza

El Salvador is "ready" to start dollarization on January 1, central bank governor Rafael Barraza said in San Salvador on Dec 27, 2000. Banks and people have been preparing for transactions in U.S. dollars, Barraza was quoted as saying by Mexican media.

In the last two weeks, U.S. dollar bills and coins have arrived in El Salvador under strict security measures. The dollarisation will allow the Salvadorans to have further economic resources, facilitate foreign investments and trade, and avoid a