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After his work in Colombia, Kemmerer did the same for other Latin American governments, like Chile in 1925, Ecuador in 1926 and Peru in 1931. The bank was officially chartered by the Law 25 of July 25, 1923, 5 days after the 113 anniversary of the Independence of Colombia. With an initial capital of 10 million dollars in gold, half provided by ...
www.bcr.gob.sv 1 Since 2001, with the dollarization of the Salvadoran economy, the Central Reserve Bank of El Salvador no longer has an independent monetary policy. The Central Reserve Bank of El Salvador ( Spanish : Banco Central de El Salvador ) is the central bank of El Salvador , which controls the currency rate and regulates certain ...