El Salvador's small-denomination brass coinage of the 1970s was produced almost entirely by foreign mints — this piece was struck by the Royal Canadian Mint under contract, as El Salvador lacked domestic minting infrastructure throughout this period. By 1974, the colón had been pegged to the US dollar at 2.50 for decades, a fixed rate the government defended with increasing difficulty as regional inflation accelerated through the decade.
El Salvador's small-denomination brass coinage of the 1970s was produced almost entirely by foreign mints — this piece was struck by the Royal Canadian Mint under contract, as El Salvador lacked domestic minting infrastructure throughout this period. By 1974, the colón had been pegged to the US dollar at 2.50 for decades, a fixed rate the government defended with increasing difficulty as regional inflation accelerated through the decade.