1 Colon

The Banco Central de Reserva de El Salvador was itself only founded in 1934, making the earliest notes of this series essentially the bank's inaugural currency. El Salvador had abolished the gold standard in 1931 under pressure from collapsing coffee export revenues — the Colón series that followed was the first issued under purely managed monetary conditions, without gold convertibility as a backstop.

ABNC produced this series through a period that included the catastrophic 1932 peasant uprising and its brutal suppression, years during which rural cash circulation was severely disrupted.