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25 Colones

Issuer Banco Central de Reserva de El Salvador
Year 1963-1966
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Printer Thomas De La Rue & Company, Limited, London, United Kingdom
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Obverse description Blue-gray intaglio print on a multicolor guilloche underprint. The central vignette presents the 5th of November hydroelectric dam, with black serial numbers positioned at lower left and upper right. Bank title and denomination inscriptions are arranged in panels above and below the central vignette.
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Protection type Watermark
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Comments

Thomas De La Rue printed this series for the Banco Central de Reserva during a stretch of relative monetary stability in El Salvador — the colón had been pegged to the US dollar at 2.50 since 1934, a rate that held with unusual discipline for decades and made notes of this denomination genuinely functional for larger commercial transactions rather than symbolic.

The P#104 issue spans three years, suggesting periodic reordering rather than a single print run, though exact mintage figures for De La Rue's Central American contracts from this period are not publicly documented.

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