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.

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.

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.

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