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The ISO 4217 currency code for the El Salvador Colon.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
ISO 4217 code for the Salvadoran colon. The colon was the currency of El Salvador between 1919 and 2004. It was initially pegged to the U.S. dollar, but began to float in 1931. As part of El Salvador's liberalization policy, it began to accept the dollar as legal tender in 2001 and stopped circulating the colon in 2004. See also: Dollarization.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved