El Salvador might be ahead of the curve here on learning to deal with (a lack of) control over their monetary policy in this situation because prior to the addi

El Salvador might be ahead of the curve here on learning to deal with (a lack of) control over their monetary policy in this situation because prior to the addition of this second legal tender the country was already fully dollarized[1]. They switched from the Salvadoran colón to the US Dollar in 2001[2]. [1] https://en.wikipedia.org/wiki/Currency_substitution https://en.wikipedia.org/wiki/Currency_substitution [2] https://en.wikipedia.org/wiki/Salvadoran_col%C3%B3n https://en.wikipedia.org/wiki/Salvadoran_col%C3%B3n