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1000 Sucres
| Issuer | Banco Central del Ecuador |
|---|---|
| Year | 1969-1973 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Sucre (1884-2000) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DEL ECUADOR SOCIEDAD ANONIMA Quito, Septiembre 20 de 1.973 1000 UN MIL SUCRES AMERICAN BANK NOTE COMPANY (Translation: Central Bank of Ecuador, Anonymous Society Quito, September 20th., 1973 One Thousand Sucres) |
| Reverse description | Log in to see details |
| Reverse lettering | UN MIL SUCRES 1000 BANCO CENTRAL DEL ECUADOR AMERICAN BANK NOTE COMPANY. (Translation: One Thousand Sucres Central Bank of Ecuador) |
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| Comments |
The Banco Central del Ecuador leaned heavily on the American Bank Note Company throughout the mid-twentieth century, and this high-denomination 1000 Sucres issue reflects that long dependence on New York-printed currency. Ecuador had no domestic security printing capability of its own during this period, making ABNC the default for prestige denominations.
The sucre itself had been under sustained inflationary pressure since the 1950s, and by the early 1970s a 1000-sucre note — once an exceptional denomination — was becoming routine commercial tender. Ecuador would eventually replace the sucre entirely with the US dollar in 2000, one of the more dramatic currency abandonments in Latin American history.