Central Reserve Bank of El Salvador

Brief History

Founded on 19 June 1934, as Banco Central de Reserva de El Salvador, it commenced operations in July 1934. On 20 April 1961, it became a state owned entity of public character, undergoing a reorganisation and modifying its original functions. On 1 January 2001, Monetary Integration Law established the US dollar as legal tender, alongside the Salvadoran colon. Since that date, notes and coins have been denominated in dollars. The financial system uses the dollar to register their

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