El Salvador

A note from El Salvador

The dollarisation of El Salvador's economy has brought relative calm to the Central American economy. But it will not be able to completely avoid the collateral damage from a slump in the United States, says Steve H. Hanke, a professor of applied…

Honduras not ready to adopt dollar-central banker

HONDURAS - A large trade deficit and limited foreign currency reserves mean Honduras is not ready to follow in the footsteps of neighboring El Salvador and dollarize its economy, Central Bank President Victoria Asfura said on Apr 19.

El Salvador makes way for US dollar general use

El Salvador is making final preparations to introduce the US dollar into general use in January, importing the US currency and training bank employees how to avoid money laundering and counterfeit schemes, officials said on Wednesday.

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