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1 Colón
| Issuer | Banco Central de Reserva de El Salvador |
|---|---|
| Year | 1938 |
| Type | Log in to see details |
| Value | 1 Colón (1 SVC) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DE RESERVA DE EL SALVADOR PAGARÁ AL PORTADOR DE ACUERDO COM EL ARTÍCULO 39 DE SU LEY CONSTITUTIVA 1 UN COLÓN SAN SALVADOR 10 DE MAYO DE 1938 (Translation: Central Reserve Bank of El Salvador Pay to Bearer One Colon in accordance with article 39 of its Constitutional Law San Salvador, May 10, 1938.) |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO CENTRAL DE RESERVA DE EL SALVADOR 1 UN COLÓN CRISTOBAL COLON San Salvador, 28 de Octubre de 1940 WATERLOW & SONS LIMITED, LONDRES (Translation: Central Reserve Bank of El Salvador One Colon Christopher Columbus San Salvador, October 28, 1940 Waterlow & Sons Limited, London) |
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| Comments |
El Salvador's Banco Central de Reserva was itself only established in 1934, making this 1938 issue part of the earliest generation of notes the institution produced. Waterlow & Sons handled the printing, as they did for a significant portion of Latin American central bank business during the interwar period — their London operation competed aggressively with American Bank Note and Bradbury Wilkinson for precisely these contracts.
The colón had replaced the peso in 1919, pegged to the US dollar at two colones to one dollar, a rate that held with unusual stability through the Depression years largely because El Salvador's monetary policy was anchored to coffee export revenues rather than gold reserves.