1 Peso

Banco Salvadoreño was a private commercial bank operating under El Salvador's free banking period, when multiple institutions held concurrent rights of issue. The ABNC contract for this series was standard practice for Central American issuers of the period — New York printing carried credibility with merchants and foreign creditors that no local press could offer.

The S-prefix in the Pick reference flags this as a private bank issue rather than a government emission, a distinction that matters when tracing redemption history. Notes from smaller Salvadoran private banks were frequently rendered worthless following the 1913 nationalization of currency rights under the Banco Agrícola Comercial monopoly — survival rates vary sharply across denominations.