In 2001, the government of El Salvador decided by 2003 to completely abandon the national currency and the issue of money.
Since January 2001, $ (U.S. dollar); in 2004, the column was completely withdrawn from circulation.
From the beginning of 2004 to the present, only the US dollar, issued by the Federal Reserve System, circulates in the country; at the moment, the Salvadoran government has no control over the money supply in the country. Now on the territory of El Salvador, the colon has completely stopped circulation, all transactions and official prices are drawn up in dollars. Some prices in private stores "out of habit" are set both in dollars and in columns.
At the time of the abandonment of the column, its exchange rate was 8,75 to one US dollar.