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1 Colon
| Issuer | Banco Central de Reserva de El Salvador |
|---|---|
| Year | 1963-1966 |
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| Composition | Cotton paper |
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| Obverse description | Central vignette of the Edificio del Banco Central de Reserva de El Salvador, rendered in intaglio against a black on multicolor guilloche underprint. The numeral "1" appears in large format at left within an ornate medallion, with the bank title "EL BANCO CENTRAL DE RESERVA DE EL SALVADOR" across the top and the bearer clause "PAGARA AL PORTADOR UN COLON" below. Series letter, serial number, place of issue, and date appear at right, with three signature lines across the lower margin for Director, Presidente, and Cajero. |
|---|---|
| Obverse lettering | EL BANCO CENTRAL DE RESERVA DE EL SALVADOR PAGARA AL PORTADOR UN COLON EDIFICIO DEL BANCO CENTRAL DE RESERVA DE EL SALVADOR SAN SALVADOR DIRECTOR PRESIDENTE CAJERO THOMAS DE LA RUE & COMPANY, LIMITED |
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| Comments |
The P#100 series was produced by De La Rue during a period of relative monetary stability in El Salvador, when the colón had maintained its fixed peg to the US dollar at 2.50 colones since 1934 — a rate that would hold, remarkably, until 2001. That peg made exchange-rate crises a non-issue but created persistent pressure on reserves, which partly explains why the Central Reserve Bank kept its lower denominations in tight circulation and reprinted them on short cycles.
De La Rue's watermarked cotton substrate for this series is consistent with their mid-century Latin American contracts, where security spec was kept modest for workhorse denominations unlikely to attract serious forgery.