Salvadoran colón

Salvadoran colón

:"Colón is also the name of Costa Rica's currency. For this, see Costa Rican colón."

Infobox Currency
currency_name_in_local = colón salvadoreño es icon
iso_code = SVC
using_countries = El Salvador
subunit_ratio_1 = 1/100
subunit_name_1 = centavo
plural = colones
used_coins = 5, 10, 25 centavos, 1 colón
rarely_used_coins = 1, 2, 3 centavos
used_banknotes = 5, 10, 25, 50, 100, 200 colones
issuing_authority = Central Reserve Bank of El Salvador
obsolete_notice = Y

The colón was the currency of El Salvador between 1919 and 2001. It was subdivided into 100 centavos and its ISO 4217 code was SVC. The plural is colones in Spanish but English-speakers often say colons instead. The currency was named after Christopher Columbus, known as Cristóbal Colón in Spanish.

History

The colón replaced the peso at par in 1919. It was initially pegged to the U.S. dollar at a rate of 2 colones = 1 dollar. El Salvador left the gold standard in 1931 and its value floated. The colón was replaced in 2001 by the United States dollar at an exchange rate of 8.75 colones to the dollar (see dollarization).

Coins

Because the colón replaced the peso at par, 1 and 5 centavos coins issued before 1919 continued to be issued without design change after the colón's introduction. In 1921, cupro-nickel 10 centavos were introduced, followed by silver 25 centavos in 1943. In 1953, silver 50 centavos were introduced alongside smaller silver 25 centavos. Both were replaced by nickel coins in 1970. In 1974, nickel-brass 2 and 3 centavos coins were introduced, followed by 1 colón coins in 1984.

Banknotes

Until 1934, paper money was issued by private banks. Three banks issued notes, the "Banco Agricola Comercial", the "Banco Occidental" and the "Banco Salvadoreño". Denominations issued included 1, 2, 5, 10, 25, 100 and 500 colones.

In 1934, the Central Reserve Bank introduced notes for 1, 2, 5, 10, 25 and 100 colones. The last 2 colones notes were dated 1976 and the last 1 colón notes were issued in 1982. 50 colones notes were added in 1995 and 200 colones in 1997.

References

*numis cite SCWC|date=1991
*numis cite SCWPM|date=1994
*numis cite SCWPM|date=1990.s

External links

Standard numismatics external links
world_coin_gallery_1_url = Elsalvador
world_coin_gallery_1_name = El Salvador
banknote_world_1_url = el_salvador
banknote_world_1_name = El Salvador
dollarization_1_url =
dollarization_1_name =
gfd_1_url = EL_SALVADOR
gfd_1_name = El Salvador
gfd_data_1_url = 6131
gfd_data_1_name = El Salvador colón
show_gfd_excel = Y


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Colón — is a Spanish and Portuguese surname, comparable to the Italian and Portuguese Colombo (surname). It may refer to: People: Cristóbal Colón, the Spanish language name for the explorer Christopher Columbus Bartolo Colón, Major League Baseball… …   Wikipedia

  • El Salvadoran colon — noun the basic unit of money in El Salvador; equal to 100 centavos • Syn: ↑colon • Hypernyms: ↑El Salvadoran monetary unit • Part Meronyms: ↑centavo …   Useful english dictionary

  • Colón (currency) — This article is about Colón. For the cent symbol (¢), see Cent (currency)#Symbol. The colón (₡) is the currency of two Central American nations: Costa Rica (ISO 4217 three letter currency code: CRC); see Costa Rican colón El Salvador (ISO 4217:… …   Wikipedia

  • Salvadoran peso — Infobox Currency currency name in local = peso salvadoreño es icon iso code = using countries = El Salvador subunit ratio 1 = 1/100 subunit name 1 = centavo used coins = 1, 3, 5, 10, 25, 50 centavos, 1 peso used banknotes = 1, 2, 5, 10, 25, 50,… …   Wikipedia

  • Costa Rican colón — Colón was also the name of El Salvador s currency until 2001. For this, see Salvadoran colón. Costa Rican colón colón costarricense (Spanish) ISO 4217 code CRC User(s) …   Wikipedia

  • El Salvadoran monetary unit — noun monetary unit in El Salvador • Hypernyms: ↑monetary unit • Hyponyms: ↑colon, ↑El Salvadoran colon …   Useful english dictionary

  • El Salvador — /el sal veuh dawr /; Sp. /el sahl vah dhawrdd / a republic in NW Central America. 5,661,827; 13,176 sq. mi. (34,125 sq. km). Cap.: San Salvador. Also called Salvador. * * * El Salvador Introduction El Salvador Background: El Salvador achieved… …   Universalium

  • El Salvador — Infobox Country native name = República de Jesus Pena conventional long name = Republic of Jesus Pena common name = El Salvador national motto = Dios, Unión, Libertad spaces|2(Spanish) God, Union, Liberty national anthem = Himno Nacional de El… …   Wikipedia

  • Economy of El Salvador — Economic StatisticsGDP:purchasing power parity $18.1 billion (1999 est.)GDP real growth rate:2.2% (1999 est.)GDP per capita:purchasing power parity $3,100 (1999 est.)GDP composition by sector: agriculture: 12% industry: 22% services: 66% (1999… …   Wikipedia

  • List of currencies — A list of all currencies, current and historic. The local name of the currency is used in this list, with the adjectival form of the country or region. For a list of current currencies, see List of circulating currencies. For a list of historical …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”