The Banco Central de Reserva de El Salvador issued this series in the late 1990s under increasingly strained circumstances — the country was still absorbing the economic aftershocks of the 1992 peace accords that ended a twelve-year civil war, and monetary policy was being quietly realigned in preparation for full dollarization. That process concluded in 2001 with the Monetary Integration Law, which fixed the colón at 8.75 to the dollar and effectively ended new colón printing. Notes from this 1997–1998 run were among the last of the denomination to circulate before redemption made them redundant.
Thomas De La Rue's production for El Salvador during this period relied on relatively conservative security — the watermark specification here reflects the lower end of what the printer was offering contemporaneously to other clients.
The Banco Central de Reserva de El Salvador issued this series in the late 1990s under increasingly strained circumstances — the country was still absorbing the economic aftershocks of the 1992 peace accords that ended a twelve-year civil war, and monetary policy was being quietly realigned in preparation for full dollarization. That process concluded in 2001 with the Monetary Integration Law, which fixed the colón at 8.75 to the dollar and effectively ended new colón printing. Notes from this 1997–1998 run were among the last of the denomination to circulate before redemption made them redundant.
Thomas De La Rue's production for El Salvador during this period relied on relatively conservative security — the watermark specification here reflects the lower end of what the printer was offering contemporaneously to other clients.