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5 Colones

Issuer Banco Central de Reserva de El Salvador
Year 1999
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Composition Cotton paper
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Reverse description Intaglio portrait of Christopher Columbus at left, rendered in dark tones against a multicolour guilloche background, with a vignette of his three sailing vessels at centre-right and a stylised map of the Atlantic Ocean in the upper centre field. The numeral '5' appears in the upper left and lower right corners.
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Protection type Watermark, Security thread
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Comments

By 1999, El Salvador's colón was living on borrowed time. Dollarization was already being debated seriously in government circles, and the Monetary Integration Law passed in late 2000 would fix the colón permanently at 8.75 to the dollar, with USD notes taking over entirely by 2001. This issue was among the last printed before that transition made the denomination obsolete.

Thomas De La Rue produced the series, as they had for El Salvador through much of the late twentieth century. The P#153 run represents one of the final colón printings the country ever ordered.

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