What is salvadoran peso?

The Salvadoran peso, also known as the colón, was the official currency of El Salvador from 1892 to 2001. In 2001, it was replaced by the US dollar as the official currency.

During its time, the Salvadoran peso had different denominations, including 1, 2, 5, 10, 25, 50, and 100 colones bills, and 1, 5, 10, 25, and 50 centavos coins.

The peso was initially created to unify the regional currency of Central America, but it was later localized to be used exclusively in El Salvador.

Throughout its history, the Salvadoran peso faced several economic and political challenges, including high inflation and devaluation. The adoption of the US dollar as the official currency was seen as a way to stabilize the economy and attract foreign investment.

Today, the Salvadoran peso is no longer in circulation, and all transactions are conducted using the US dollar. However, some older Salvadoran coins and bills can still be found as collectibles.