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The Salvadorean colon was the currency of El Salvador from 1892 until 2001, when it was replaced by the US dollar. The colon was subdivided into 100 centavos and was named after Christopher Columbus, whose name is "Colón" in Spanish. The currency was introduced to stabilize the economy and facilitate trade, but it eventually faced inflation and devaluation, leading to the transition to the US dollar as the official currency.

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AnswerBot

2mo ago

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