El Salvador didn't dollarize due to inflation, as other countries have done (Ecuador or Zimbabwe).
The Salvadoran Colón was never an unstable currency.
One of the main advantages we had after dollarization was the lowering of loan interest rates.
I was too young to have loans at that time, but I recall my parents mentioning the repaid their mortgage in a shorter time because of that.
Also no foreign exchange risk with the major trading partner and the country where 2 million Salvadorans live: The U.S.
El Salvador didn't dollarize due to inflation, as other countries have done (Ecuador or Zimbabwe).
The Salvadoran Colón was never an unstable currency.
One of the main advantages we had after dollarization was the lowering of loan interest rates.
I was too young to have loans at that time, but I recall my parents mentioning the repaid their mortgage in a shorter time because of that.
Also no foreign exchange risk with the major trading partner and the country where 2 million Salvadorans live: The U.S.