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El Salvador
El Salvador (; , meaning " The Saviour"), officially the Republic of El Salvador ( es, República de El Salvador), is a country in Central America. It is bordered on the northeast by Honduras, on the northwest by Guatemala, and on the south by the Pacific Ocean. El Salvador's capital and largest city is San Salvador. The country's population in 2022 is estimated to be 6.5 million. Among the Mesoamerican nations that historically controlled the region are the Lenca (after 600 AD), the Mayans, and then the Cuzcatlecs. Archaeological monuments also suggest an early Olmec presence around the first millennium BC. In the beginning of the 16th century, the Spanish Empire conquered the Central American territory, incorporating it into the Viceroyalty of New Spain ruled from Mexico City. However the Viceroyalty of Mexico had little to no influence in the daily affairs of the isthmus, which was colonized in 1524. In 1609, the area was declared the Captaincy General of Guatemala by the ...
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San Salvador
San Salvador (; ) is the capital and the largest city of El Salvador and its eponymous department. It is the country's political, cultural, educational and financial center. The Metropolitan Area of San Salvador, which comprises the capital itself and 13 of its municipalities, has a population of 2,404,097. The urban area of San Salvador has a population of 1,600,000 inhabitants. The city is home to the ''Consejo de Ministros de El Salvador'' (Council of Ministries of El Salvador), the Legislative Assembly of El Salvador, the Supreme Court of El Salvador, and other governmental institutions, as well as the official residence of the President of El Salvador. San Salvador is located in the Salvadoran highlands, surrounded by volcanoes and prone to earthquakes. The city is also home to the Roman Catholic Archdiocese of San Salvador, as well as many Protestant branches of Christianity, including Evangelicals, Latter-day Saints, Baptists, and Pentecostals. San Salvador has the se ...
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President Of El Salvador
The president of El Salvador ( es, Presidente de El Salvador), officially known as the President of the Republic of El Salvador ( es, Presidente de la República de El Salvador), is the Head of State, head of state and Head of Government, head of government of El Salvador. He is also, by Constitutional Law, the commander-in-chief of the Armed Forces of El Salvador. The office was created in the Constitution of 1841. From 1821 until 1841, the head of state of El Salvador was styled simply as Head of State (''Jefe de Estado''). The President of the Republic of El Salvador begins their duties on 1 June of the year of their election and is accompanied by a vice president. According to the Electoral Code, for a person to be declared President-Elect of the Republic, they must obtain 50% plus one of the votes obtained in the election in the presidential elections. If none of the candidates gets to obtain that result, a second voting round will be held where the two candidates who have ...
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National Anthem Of El Salvador
The "" () is the national anthem of El Salvador. The lyrics were written by General Juan José Cañas in 1856, with music composed by the Italian Juan Aberle in 1879. It was adopted on 15 September 1879 and officially approved on 11 December 1953. The composition has been likened to "William Tell Overture" by critics. History 1866 anthem In 1866, at the initiative of doctor Francisco Dueñas, who at the time was President of the Republic, the first national anthem of El Salvador was created by Cuban doctor Tomás M. Muñoz, who wrote the lyrics, and Salvadoran musician Rafael Orozco, who composed the music. This national anthem was legally adopted through Executive Agreement of 8 October 1866, being published in the state newspaper ''El Constitucional'' No. 31, Volume 2, of 11 October 1866, to be officially released on 24 January 1867. This anthem was sung until the overthrow of President Dueñas through a coup d'état in 1871. 1879 anthem Later, in 1879, at the ...
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First Mexican Empire
The Mexican Empire ( es, Imperio Mexicano, ) was a constitutional monarchy, the first independent government of Mexico and the only former colony of the Spanish Empire to establish a monarchy after independence. It is one of the few modern-era, independent monarchies that have existed in the Americas, along with the Brazilian Empire. It is typically denominated as the First Mexican Empire to distinguish it from the Second Mexican Empire. Agustín de Iturbide, the sole monarch of the empire, was originally a Mexican military commander under whose leadership independence from Spain was gained in September 1821. His popularity culminated in mass demonstrations on 18 May 1822, in favour of making him emperor of the new nation, and the very next day congress hastily approved the matter. A sumptuous coronation ceremony followed in July. The empire was plagued throughout its short existence by questions about its legality, conflicts between congress and the emperor, and a bankrupt tr ...
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Central Time Zone
The North American Central Time Zone (CT) is a time zone in parts of Canada, the United States, Mexico, Central America, some Caribbean Islands, and part of the Eastern Pacific Ocean. Central Standard Time (CST) is six hours behind Coordinated Universal Time (UTC). During summer, most of the zone uses daylight saving time (DST), and changes to Central Daylight Time (CDT) which is five hours behind UTC. The largest city in the Central Time Zone is Mexico City; the Mexico City metropolitan area is the largest metropolitan area in the zone and in North America. Regions using (North American) Central Time Canada The province of Manitoba is the only province or territory in Canada that observes Central Time in all areas. The following Canadian provinces and territories observe Central Time in the areas noted, while their other areas observe Eastern Time: * Nunavut (territory): western areas (most of Kivalliq Region and part of Qikiqtaaluk Region) * Ontario (province): a portio ...
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Bitcoin
Bitcoin (abbreviation: BTC; sign: ₿) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009, when its implementation was released as open-source software. The word "''bitcoin''" was defined in a white paper published on October 31, 2008. It is a compound of the words ''bit'' and ''coin''. The legality of bitcoin varies by region. Nine countries have fully banned bitcoin use, while a further fifteen have implicitly banned it. A few governments have used bitcoin in some capacity. El Salvador has adopted Bitcoin as legal tender, although use by merchants remains low. Ukraine has accepted cryptocurrency donations to fund the resistance to the 2022 Russian i ...
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Salvadoran Colón
The colón was the currency of El Salvador from 1892 until 2001, when it was replaced by the U.S. dollar during the presidency of Francisco Flores. The colón was subdivided into 100 centavos and its ISO 4217 code was SVC. The plural is "''colones''" in Spanish and the currency was named after Christopher Columbus, known as ''Cristóbal Colón'' in Spanish. Currency symbol The symbol for the colón is a ''c'' with two slashes. The symbol "₡" has Unicode code point U+20A1, and the decimal representation is 8353. In HTML it can be entered as ₡. The colón sign is not to be confused with the cent sign (¢), which has a code point U+00A2 in Unicode (or 162 in decimal), or with the cedi sign ₵, which has a code point U+20B5 in Unicode (or 8373 in decimal). Nonetheless, the commonly available cent symbol '¢' is frequently used locally to designate the colón in price markings and advertisements. History On October 1, 1892, the government of President Carlos ...
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ISO 4217
ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual currencies and their minor units. This data is published in three tables: * Table A.1 – ''Current currency & funds code list'' * Table A.2 – ''Current funds codes'' * Table A.3 – ''List of codes for historic denominations of currencies & funds'' The first edition of ISO 4217 was published in 1978. The tables, history and ongoing discussion are maintained by SIX Group on behalf of ISO and the Swiss Association for Standardization. The ISO 4217 code list is used in banking and business globally. In many countries, the ISO 4217 alpha codes for the more common currencies are so well known publicly that exchange rates published in newspapers or posted in banks use only these to delineate the currencies, instead of translate ...
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United States Dollar
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equiv ...
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United Nations Development Programme
The United Nations Development Programme (UNDP)french: Programme des Nations unies pour le développement, PNUD is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development. Headquartered in New York City, it is the largest UN development aid agency, with offices in 170 countries. The UNDP emphasizes developing local capacity towards long-term self-sufficiency and prosperity. It administers projects to attract investment, technical training, and technological development, and provides experts to help build legal and political institutions and expand the private sector. The UNDP operates in 177 countries and is funded entirely by voluntary contributions from UN member states. Also, UNDP is governed by a 36-member executive board overseen by an administrator, who is third-highest ranking UN official after the Secretary-General and Deputy Secretary-General. Founding The UNDP was founded on 22 Nove ...
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World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice p ...
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International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ...
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