“Having a currency is just too expensive”

Manuel Hinds finishes his term as finance minister of El Salvador this month. He is proud of the government's achievements but sees one large piece of unfinished business - getting rid of the national currency.

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What have been the achievements of this government which is reaching the end of its five-year term?

When we came into government the rate of inflation was in double digits. In one year it even reached 22%. The fiscal deficit had been around 4.5% of GDP on average over the previous five years.

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