dollarintelligent.com |
A prior post made reference to the fact that the U.S. dollar is the official currency in El Salvador. I won't get into discussing the pros or cons of this matter, as that's not what this blog is about, but suffice it to say, the old Colón currency is long out of circulation.
For those of you travelling to El Salvador from the U.S., it means you no longer have to exchange money, which had a tendency to be a hassle. Those of you travelling from other places just need to be aware you won't be receiving local currency in exchange for your currency, so don't be surprised.
Side note: I am not entirely sure where one exchanges other currencies, but I am assuming local banks are the appropriate place for those transactions as that's where one used to exchange U.S. dollars. That's also the norm in most countries. I will investigate the matter and append the information to this post.
Alright, now lets discuss some useful tips pertaining to your cash.
First, avoid larger bills as much as possible, and by larger, I mean anything over $10. Unless you go to the mall or a good size restaurant/supermarket/store or the like, it is unlikely you will be able to get change for anything bigger than a $10 bill.
Local convenience stores are notorious for this. Whenever possible, save whichever $5 and $1 bills you come by as they will be very helpful, especially for cab rides. Note as well that the $1 bill is being phased out and being replaced by the gold colored $1 coin. Pay attention to any that you might receive as some folks claim to have received gold colored $0.25 coins in their place.
As with any other place you might visit, it is not wise to carry large amounts of cash on your person. Bear this in mind when you go out. If you intend to do a lot of shopping in the neighborhood shops, mercados (markets) or restaurants, credit cards won't get you very far. Cash is king at these places, as it is with street merchants. It is better to make multiple trips than be sorry later for any loses you may incur due to theft or other unfortunate circumstances.