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Monetary Stability

 

One of the most important policies implemented to open the country’s economy to world trade and investment is the adoption of the U.S. dollar as legal tender in 2001. 

 

As a result, El Salvador has achieved single-digit inflation rates for over a decade, remaining below the average of the rest of the Latin American countries. Likewise, the elimination of foreign exchange risk has lowered real interest rates and provided greater certainty for investors. Companies that have invested in El Salvador benefit from lower financial and transaction costs.

 

 

Source: International Monetary Fund

 

 

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Actualizado 04/30/2020
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