Note: This currency has been replaced by the US Dollar.
The Salvadoran Colón was the official currency of El Salvador. On October 1, 1892 the government of President Carlos Ezeta renamed the Salvadoran Peso the Colón in honor of Christopher Columbus (Cristóbal Colón in Spanish), the discoverer of America. The Colón replaced the Peso at par in 1919. The Colón is subdivided into 100 centavos. It was initially pegged to the US Dollar at the rate of 2 colones = 1 USD.
El Salvador "doolarized" on January 1, 2001, officially replacing the Colón with the USD at a rate of 8.75 Colóns = 1 US Dollar.
Symbols and Names
ISO 4217 Code
SVC
Central Bank
Currency Subunits
Denominations
Countries Using This Currency
Currencies Pegged To SVC :
None
SVC Is Pegged To:
None
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