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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.
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 ...
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.
The current National Palace of El Salvador, located in San Salvador, the capital city of the country of El Salvador, replaced the old National Palace built in 1866–1870, which was destroyed by fire on December 19, 1889. The construction, done between 1905 and 1911, was the work of engineer José Emilio Alcaine, under the direction of the ...
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.
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.
El Salvador became the first country in the world to use bitcoin as legal tender, after having been adopted as such by the Legislative Assembly of El Salvador in 2021. It has been promoted by Nayib Bukele, the president of El Salvador, who claimed that it would improve the economy by making banking easier for Salvadorans, and that it would encourage foreign investment.