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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.
In 2021, El Salvador received a $40 million loan for small enterprises and projects for climate action, from the European Investment Bank to the country's development bank, Banco de Desarollo de el Salvador. $20 million will be used to assist investments in renewable energy projects, specifically photovoltaics, biogas, and micro hydro projects.
El Salvador, [a] officially the Republic of El Salvador, [b] is a country in Central America. It is bordered on the northeast by Honduras, on the northwest by Guatemala, and on the south by the Pacific Ocean. El Salvador's capital and largest city is San Salvador. The country's population in 2023 was estimated to be 6.5 million.
Nayib Armando Bukele Ortez ( Spanish pronunciation: [naˈʝiβ buˈkele]; born 24 July 1981) is a Salvadoran politician and businessman currently serving as the 43rd president of El Salvador since 1 June 2019.
1 Salvadoran colón from El Salvador from 1985, which was minted in Mexico City by the Mexican Mint. Because the colón replaced the peso at par, 1 and 5 centavos coins issued before 1919 continued to be issued without design change after the colón's introduction. In 1921, cupro-nickel 10 centavos were introduced, followed by silver 25 ...
El Salvador has been a member of the International Monetary Fund (IMF) since 1946. Their quota currently consists of 287.20 million SDR. The country has received loans from the IMF in the past, but most recently has received only standby loans and currently has no outstanding payments. [1] As of June 2017, the standby arrangements total ...
The history of El Salvador begins with several distinct groups of Mesoamerican people, especially the Pipil, the Lenca and the Maya. In the early 16th century, the Spanish Empire conquered the territory, incorporating it into the Viceroyalty of New Spain ruled from Mexico City. In 1821, El Salvador achieved independence from Spain as part of ...
The " Himno Nacional de El Salvador " (English: "National Anthem of El Salvador") is the national anthem of El Salvador. The lyrics were written by General Juan José Cañas in 1856, with music composed by the Italian Juan Aberle in 1879. It was adopted on 15 September 1879 and officially approved on 11 December 1953.