Catalog
25 Colones
| Issuer | Banco Central de Reserva de El Salvador |
|---|---|
| Year | 1999 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | EL BANCO CENTRAL DE RESERVA DE EL SALVADOR SERIE Q PAGARA EN EFECTIVO AL PORTADOR SAN SALVADOR 19 DE ABRIL DE 1999 25 SERIE Q VEINTICINCO COLONES |
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| Reverse lettering | 25 VEINTICINCO COLONES CRISTOBAL COLÓN 1 DE SEPTIEMBRE DE 1999 25 BANCO CENTRAL DE RESERVA DE EL SALVADOR |
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| Comments |
The Canadian Bank Note Company printed several late-series Salvadoran issues before the colón was effectively rendered obsolete by dollarization in 2001 — one of the few cases in Latin American monetary history where a currency was replaced not by crisis or hyperinflation, but by deliberate legislative act. The Economic Monetary Integration Law passed in November 2000 fixed the colón permanently at 8.75 to the dollar and made USD legal tender, ending new colón issuance almost immediately.
Notes from the 1999 series saw only about two years of active circulation before dollar substitution made them redundant. The Banco Central de Reserva continued to honor colones indefinitely, but public uptake of dollars was rapid enough that most surviving examples from this print run were never heavily handled.