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10 Colones
| Issuer | Banco Central de Reserva de El Salvador |
|---|---|
| Year | 1954 |
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| Shape | Rectangular |
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| Obverse lettering | BANCO CENTRAL DE RESERVA DE EL SALVADOR PAGARÁ AL PORTADOR DE ACUERDO COM EL ARTÍCULO 39 DE SU LEY CONSTITUTIVA 10 X DIEZ COLONES SAN SALVADOR, 17 DE MARZO DE 1954. (Translation: Central Reserve Bank of El Salvador Pay to Bearer in according with article 39 of Constitutional Law Ten Colons San Salvador, March 17, 1954.) |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO CENTRAL DE RESERVA DE EL SALVADOR 10 X DIEZ COLONES CRISTOBAL COLON WATERLOW & SONS LIMITED, LONDRES (Translation: Central Reserve Bank of El Salvador Ten Colons Christopher Columbus Waterlow & Sons Limited, London) |
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| Comments |
Waterlow & Sons printed this series for El Salvador through much of the mid-twentieth century, a relationship that continued even after the firm's near-collapse following the Portuguese escudo forgery scandal of 1925 — one of the most damaging security printing frauds of the century, in which a Waterlow director authorized the production of roughly 200,000 counterfeit 500-escudo notes for a con artist named Alves Reis. The firm survived under legal and financial strain, was eventually absorbed by De La Rue in 1961.
The Banco Central de Reserva itself was established in 1934 as part of a broader monetary reform following El Salvador's suspension of the gold standard during the Depression years.