Salvadoran peso

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The peso was the currency of El Salvador between 1877 and 1919. From 1889, it was subdivided into 100 centavos. The peso replaced the Central American Republic real at a rate of 8 reales = 1 peso and was replaced by the colón at par.

[edit] Coins

The first decimal Salvadoran coins were issued in 1889. These were cupro-nickel 1 and 3 centavos. On August 28, 1892, the Salvadoran mint was established and production of silver and gold coins denominated in centavos and pesos began. In addition to copper 1 centavo coins, there were silver 5, 10, 20 and centavos and 1 peso, and gold 2½, 5, 10 and 20 pesos, although the gold coins were only issued in very small numbers. In 1909, bronze ¼ real coins were issued in respose to the continued use of the real currency system in parts of the country. Coins for 25 centavos were introduced in 1911.

[edit] Banknotes

The government issued banknotes denominated in pesos in 1877, in denominations between 1 and 500 pesos. Following this, various private banks issued notes until after the peso was replaced by the colón.