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1000 Sucres
| Issuer | Banco Central del Ecuador |
|---|---|
| Year | 1996 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Orientation | Coin alignment ↑↓ |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | The brass centre features a right-facing portrait bust of Eugenio Espejo, the prominent 18th-century Ecuadorian physician, writer, and political activist, rendered in low relief. The denomination 1000 and the legend MIL SUCRES appear twice in the field, alternating around the portrait within the centre disc. The name EUGENIO ESPEJO is inscribed below the effigy. The stainless steel outer ring is plain, framed by beaded borders on its inner and outer edges. |
| Reverse script | Log in to see details |
| Reverse lettering | 1000 - MIL SUCRES - 1000 - MIL SUCRES EUGENIO ESPEJO (Translation: 1000 - One thousand sucres - 1000 - One thousand sucres Eugenio Espejo) |
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| Additional information |
Ecuador's sucre had been the national currency since 1884, but by the mid-1990s chronic inflation had so eroded its purchasing power that a 1000-sucre coin — unthinkable a generation earlier — became a practical necessity for everyday transactions. The country was running through denominations faster than it could redesign them.
Four years after this coin entered circulation, Ecuador abandoned the sucre entirely, dollarizing the economy in 2000 following a catastrophic banking crisis that wiped out roughly 70% of the currency's value in a single year.