Salvadoran Exports to the Isthmus Gain Competitiveness

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Both factors have boosted Salvadoran exports to the isthmus which totaled $1.191 billion between January and November, 2008, an increase of 23.7% over the same period in 2007.

An article in laprensagrafica.com reported that Mauricio Choussy, director of Fitch Ratings Central America, said: ""Salvadoran firms are growing by exporting to the region and have taken advantage of low inflation and the fixed exchange rate with the dollar.'

He also warned that Salvadoran firms 'are going to suffer a lot in terms of exchange compatibility with the rest of the region if the other Central American countries devalue their currencies.'"

Source: laprensagrafica.com

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Background

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