Mayaguez is known as "La Sultana del Oeste" (the sultana of the West). Founded in 1760 by Faustino Martínez de Matos, Juan de Silva and Juan de Aponte. Today, Mayaguez is the fifth-largest city of Puerto Rico and is considered one of the most important cities in the island. The city itself is centered around the impressive Spanish-style Plaza Colon, a tribute to Christopher Columbus, whose stature stands in the middle of the square, surrounded by 16 bronze statues.
The U.S. dollar (USD) is the official currency.