1 Sucre

Banco del Pichincha was a regional commercial bank in Quito, not Ecuador's central bank — the country wouldn't establish a central bank until 1927, meaning private institutions like Pichincha held genuine note-issuing authority during this period. This was a contested arrangement: competing banks circulated their own sucres, and the government repeatedly intervened to regulate, consolidate, and occasionally invalidate private banknote issues throughout the early twentieth century.

ABNC's engraved plates for Ecuadorian provincial banks were often shared or adapted across multiple clients, worth checking against related series if provenance research matters.