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The official currency of El Salvador has been the US dollar since 2001. This change marked an important milestone in the monetary history of the Central American country, which previously used the Salvadoran colón as its national currency.
Monetary history of El Salvador
Prior to dollarization, El Salvador used the Salvadoran colón as its official currency from 1892 to 2001. This currency was named after Christopher Columbus and replaced the Salvadoran peso. During its circulation, the colón experienced several issues and changes in its design, reflecting the history and culture of the country.
Relevant numismatic milestones
One of the most significant events in Salvadoran numismatics was the issuance of the commemorative coin for the Sesquicentennial of Independence in 1971, minted in silver. Another important milestone was the introduction of bimetallic coins in the 1990s, which represented a technological advance in the minting of coins in the country. Currently, although the dollar is the official currency, El Salvador has made history by becoming the first country to adopt Bitcoin as legal tender in 2021.
📌 Some countries such as El Salvador have adopted the $USD as their official coin. The coins shown may be earlier or belong to special series editions.