how much is $1 in el salvador?
2007-12-03 12:22:27 · 16 answers · asked by sal 1 in Travel ➔ Latin America ➔ El Salvador
$1 in El Salvador is $1. El Salvador uses the US Dollar as it's currency and has done so since 2001.
2007-12-03 15:51:21 · answer #1 · answered by makawao_kane 6 · 3⤊ 4⤋
actually, TPS for El Salvador predates 2001 and goes back to the wars in Central America, which we played a prominent role in of course. but while the war ended, the problems didn't. and, there were so many Salvadorenos in the US that the country couldn't begin to absorb them all and certainly couldn't employ them, so they were afraid, and not without reason, that their return would undermine the peace. Plus the country is heavily dependent on money sent home from the US. So, El Salvador has spent a large amount of its time and effort getting the US to extend TPS. They even sent troops to fight in Iraq for a while to build up good will in the Bush government. Back in the 90s after the war, El Salvador was actually trying to help its citizens get political asylum in the US, and their embassy was helping people fill out the application forms. About 1/3 of the population of El Salvador lives in the US now, and a few years ago, DHS was estimating that 500 more or so were entering the US illegally every day. Plus, the government has limited the number of deportees being returned in various ways. So, it's a real enough problem. hard to say what it would really take to jump start the economy there to the point that people would stay home. doesn't sound like their president really has any detailed plan to reach that goal. so, for the moment, it's interesting, but it's hard to say how serious this presentation is.
2016-05-28 01:50:31 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Salvador Money
2016-11-14 07:59:35 · answer #3 · answered by ? 4 · 0⤊ 0⤋
El salvador used to have the money called "Colon" but since january 1, 2001 the dollar became the most principal money in circulation. The value of $1 in colones is 8.75. This quantity was assigned and never go high or low to this number, always will be 8.75 its value.
2007-12-03 13:03:02 · answer #4 · answered by My ♥ Is In The City By The Bay! 5 · 3⤊ 2⤋
El Salvador uses the US dollar for normal exchanges. In terms of buying power gas and some imports are a bit more expensive than in the usa but in terms of food, hotels, entertainment it is very inexpensive by us standards. I would say that a good meal may be half the price of a similar meal in the USA when eating out. Hotels may be of lower quality but can be very inexpensive <15-20$ to up to similar prices in the usa (and comparable quality). Electronics, clothes are of similar prices compared to the USA but handcrafts are often extremely cheap.
2007-12-05 01:40:54 · answer #5 · answered by Dr Fred 3 · 0⤊ 4⤋
Salvadors economy is based on the US Dollar so its a dollar,,,,,,,, It will buy alot of stuff there but Honduras,Guatemala and Nicaragua are all cheaper than Salvador
2007-12-03 12:31:21 · answer #6 · answered by Anonymous · 3⤊ 2⤋
El salvador uses US Dollar (USD)
2007-12-03 12:26:24 · answer #7 · answered by Jay 5 · 5⤊ 2⤋
$1 is $1. I was there this past summer. They no longer use Colones. Believe me, I spent 4 hours with a bucket of hot tamales on my head yelling "vendo tamales de pollo cinco por un dollar". I was on a missions trip and we were raising money for the local kids.
2007-12-04 00:57:25 · answer #8 · answered by Elizabeth 1 · 3⤊ 2⤋
One U.S. Dollar = 8.9143 El Salvador Colons
2007-12-03 12:28:20 · answer #9 · answered by Anonymous · 0⤊ 9⤋
$1 = 8.75 SVC (El Salvador Colones).
2007-12-03 12:26:36 · answer #10 · answered by Anonymous · 1⤊ 8⤋