Ecuador's central bank leaned heavily on Thomas De La Rue through much of the 1980s, a period when the sucre was under sustained pressure from commodity price volatility and a debt crisis that forced repeated devaluations. The 10 Sucres denomination, modest even at issue, was losing purchasing power fast enough that notes in this series had relatively short useful lives before inflation rendered them effectively worthless for everyday transactions.
By 1988 the denomination was being phased toward irrelevance — the 1,000 Sucre note was already circulating. A decade later the entire currency would be abandoned for dollarization.
Ecuador's central bank leaned heavily on Thomas De La Rue through much of the 1980s, a period when the sucre was under sustained pressure from commodity price volatility and a debt crisis that forced repeated devaluations. The 10 Sucres denomination, modest even at issue, was losing purchasing power fast enough that notes in this series had relatively short useful lives before inflation rendered them effectively worthless for everyday transactions.
By 1988 the denomination was being phased toward irrelevance — the 1,000 Sucre note was already circulating. A decade later the entire currency would be abandoned for dollarization.