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El Salvador became the first country in the world to use bitcoin as legal tender, after having been adopted as such by the Legislative Assembly of El Salvador in 2021. [1] It has been promoted by Nayib Bukele, the president of El Salvador, who claimed that it would improve the economy by making banking easier for Salvadorans, and that it would encourage foreign investment.
The city is home to the Consejo de Ministros de El Salvador (Council of Ministries of El Salvador), the Legislative Assembly of El Salvador, the Supreme Court of El Salvador, and other governmental institutions, as well as the official residence of the president of El Salvador. San Salvador is located in the Salvadoran highlands, surrounded by ...
Most of El Salvador's COVID-19 vaccines were donated by the United States and China. [165] [166] On 13 May 2021, Bukele donated 34,000 doses of the COVID-19 vaccine to seven towns in Honduras after pleas from their mayors for vaccine doses. [167] El Salvador had received 1.9 million doses at the time, and Honduras had only received 59,000. [168]
Fiscal policy has been one of the biggest challenges for the Salvadoran government. In December 1999, net international reserves equaled US$1.8 billion. Having this hard currency buffer to work with, the Salvadoran government undertook a monetary integration plan beginning in January 2001 by which the U.S. dollar became legal tender alongside the Salvadoran colón, and all formal accounting ...
The Central Reserve Bank of El Salvador (Spanish: Banco Central de El Salvador) is the central bank of El Salvador, which controls the currency rate and regulates certain economic activities within El Salvador. The bank was originally privately owned, but was brought under state control through The Law on the Reorganization of Central Banking.
Nueva Granada is a municipality in the Usulután Department of El Salvador. According to the official census of 2007, it has a population of 7,451 inhabitants. According to the official census of 2007, it has a population of 7,451 inhabitants.
It is the capital city of the department of La Unión. It is the largest city in the department with a population of approximately 34,000 inhabitants. Previously known as Puerto San Carlos, it was renamed La Unión on July 13, 1824, after El Salvador gained independence from Spain and formed the United Provinces of Central America. La Unión ...
El Salvador 10 Colones banknote of 1959. On August 31, 1934, the Central Reserve Bank of El Salvador put into circulation the first uniform family of banknotes, replacing banknotes issued by the Banco Agricola Comercial , the Banco Occidental , and the Banco Salvadoreño : the first banknote family consisted of six denominations: 1, 2, 5, 10 ...