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| 正面铭文 | COMPAÑIA ANONIMA. CAPITAL S/1.500.000. BANCO DEL PICHINCHA PAGA AL PORTADOR A LA VISTA UN SUCRE SERIE Ab Quito, Noviembre 17 de 1923 VALE UN SUCRE American Bank Note Co., New York |
| 背面描述 | The reverse is printed in olive-green and centres on a large vignette of a classical allegorical female figure seated in a relaxed pose, her arm extended, set within an elaborate guilloche oval frame flanked on each side by mirrored ornamental panels bearing the numeral '1'. The bank name is inscribed in a curved banner at the top and 'PICHINCHA' in bold lettering across the lower portion. The printer's imprint 'American Bank Note Company, New York' appears at the foot of the note. |
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Banco del Pichincha was a regional commercial bank based in Quito, and like several Ecuadorian private banks of the period, it retained note-issuing privileges under the country's decentralized banking system that predated the 1927 Kemmerer reforms. The American Bank Note Company handled the printing, as it did for the majority of Latin American private and state issuers of this era — the relationship was essentially a standing commercial arrangement rather than anything bespoke.
Ecuador's monetary unification under the Banco Central in 1927 ended private bank circulation rights, and most of Pichincha's outstanding notes were redeemed and destroyed. Low survivor rates for this series are a direct consequence of that transition.