2 Colones

The Banco Central de Reserva de El Salvador was established in 1934, and this 2 Colones note belongs to the first series the bank issued under its own authority following the consolidation of private commercial bank note issuance — a process that had been formally completed only that year. The American Bank Note Company supplied virtually all of the republic's currency printing through this period, a relationship built on decades of work across Latin America.

The series ran remarkably long for a single design, spanning nearly two decades across the political and economic turbulence of the 1940s. Notes from the early 1930s printings differ in signature combinations from later issues, and collectors sorting by signed variety will find the range considerably wider than the Pick reference suggests.