Salvadoran colón of credit and demand of currency, and was also conferred the exclusive power to issue monetary kind. 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. On August 31, 1934, the
Currency of Ecuador centavos). The 1898 law also made the sovereign legal tender. A subsequent decree (October 29, 1908) authorized a gold 1/5 cóndor and vellón coins (75% copper, 25% nickel) of 1/2, 1, 2, and 5 centavos. "Banco del Ecuador" and "Banco Comercial y Agricola" continued issuing. They were joined by two new issuing banks. "Banco del Pichincha", Quito, issued notes for 1, 5, 10, and 20 sucres from 1906. A second issue was for 1, 5, 10, 20, 50 & 100 sucres. "Banco del Azuay", Cuenca, issued notes from 1913 for 1, 2, 5, and 10 sucres. copper-nickel, Heaton mint, dated