Salvadoran peso

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Salvadoran peso peso salvadoreño (Spanish)
User(s)	El Salvador
Subunit
1/100	centavo
Coins	1, 3, 5, 10, 25, 50 centavos, 1 peso
Banknotes	1, 2, 5, 10, 25, 50, 100, 500 pesos
This infobox shows the latest status before this currency was rendered obsolete.

The peso was the currency of El Salvador between 1877 and 1919.

Contents 1 History 2 Coins 3 Banknotes 4 References 5 External links

[edit] History

The peso replaced the Salvadoran and Central American Republic reales, at a rate of 8 reales = 1 peso. Banknotes were issued from 1877. In 1889, El Salvador decimalized, with the peso subdivided into 100 centavos, and began to issue coins. The peso was initially pegged to the French franc, at a rate of 1 peso = 5 francs. The peso was replaced in 1919 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 response to the continued use of the real currency system in parts of the country. Coins for 25 centavos were introduced in 1911. Production of silver coins was suspended in 1914.

[edit] Banknotes

The government issued banknotes denominated in pesos in 1877, in denominations of 1, 2, 5, 10, 25, 50, 100 and 500 pesos. Following this, private banks issued notes until after the peso was replaced by the colón. These included the Banco Agricola Comercial, the Banco de Ahuachapam, the Banco de Centro America y Londres, the Banco Industrial del Salvador, the Banco Internacional del Salvador, the Banco Nacional del Salvador, the Banco Occidental and the Banco Salvadoreño. Notes were issued in denominations of 1, 2, 5, 10, 25, 50, 100 and 500 pesos.

[edit] References

[edit] External links

• Don's World Coin Gallery - El Salvador
• Ron Wise's World Paper Money - El Salvador ^{Mirror site}
• The Global History of Currencies - El Salvador
• Global Financial Data data series - El Salvador peso
• Global Financial Data currency histories table ( Microsoft Excel format)

v • d • e Currencies named peso or similar Circulating Argentine peso · Chilean peso · Colombian peso · Cuban convertible peso · Cuban peso · Dominican peso (peso oro) · Macanese pataca (圓) · Mexican peso · Philippine peso (piso) · Uruguayan peso Obsolete Argentine peso argentino · Argentine peso ley · Argentine peso moneda corriente · Argentine peso moneda nacional · Bolivian peso · Catalan peseta (pesseta) · Costa Rican peso · Ecuadorian peso · Equatorial Guinean peseta · Guatemalan peso · Guinea Bissau peso · Honduran peso · Japanese government-issued Philippine fiat peso · Nicaraguan peso · Paraguayan peso · Peruvian peseta · Portuguese Timorese pataca · Puerto Rican peso · Salvadoran peso · Spanish peso · Spanish peseta (pesseta, pezeta) · Venezuelan peso See also Peso sign · Maltese pataca (coin)