5 Pesos

Banco Nacional del Salvador was established in 1891 and held the national note-issuing concession until the government consolidated the country's banking system in the early twentieth century. By 1907, the bank was operating in an environment of competing private banks — Banco Occidental and Banco Agricola Comercial both circulated their own notes simultaneously, making El Salvador's monetary situation genuinely fragmented during this period.

ABNC produced notes for dozens of Latin American issuers in this era, and the S162 shares plate characteristics with several contemporaneous Central American commissions from the same New York shop. The "S" prefix in the Pick reference flags it as a private commercial bank issue rather than a state treasury emission — a distinction that matters for understanding how and where these notes actually moved.