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El Salvador - Money
Currency & Money
US Dollar (USD; symbol US$) = 100 cents. Notes are in denominations of US$100, 50, 20, 10, 5, 2 and 1. Coins are in denominations of US$1, and 50, 25, 10, 5 and 1 cents.
Note: US Dollars were introduced as dual currency in 2001 and have now completely replaced the Colón. Don’t carry bills higher than $20 as you will struggle to get them accepted in many bars, restaurants and shops. You can usually change larger bills in hotels, or of course in banks.
Of the major credit cards, Visa is most widely accepted, then Mastercard and then American Express. Diners Club has more limited use. UK travellers with chip and pin cards will typically be expected to sign a slip after their card is swiped. Beware of ‘card skimming’ (cloning using a hidden machine), particularly in out of the way or rough-and-ready establishments, and try not to let your credit card out of your sight. Keep all receipts, at least until you have returned home and checked your bank and credit statements for any irregularities.
There are bank ATMs in all major cities as well as in shopping malls and service stations. The same is now true of most beach upmarket beach resorts, but access is limited in smaller towns and villages. Avoid using ATMs in small shops where fees may be exorbitant, and machines can be poorly maintained leading to card loss. Most ATMs in major locations now accept Mastercard/Cirrus as well as Visa/Plus cards. Take care to hide your PIN number when using machines and be aware that there is a small risk you could be followed after using an ATM.
Generally Mon-Fri 0900-1300 and 1345-1700; Sat 0900-1300 (limited service).
Note: Most banks are closed for balancing the books on 29-30 Jun and 30-31 Dec. These dates may vary for individual banks.
There are no restrictions on the import or export of local or foreign currency. However, amounts exceeding US$10,000 or equivalent must be declared upon arrival.
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