2 Sucres

Banco del Ecuador was a private commercial bank operating under Ecuador's free banking period, when multiple institutions held the legal right to issue their own currency. This arrangement collapsed after 1899 when the government began consolidating note-issuing privileges, making the late 1890s output from Banco del Ecuador among the final chapters of that pluralistic system.

The American Bank Note Company produced this plate in New York, as they did for the overwhelming majority of Latin American private bank issues of the period. ABNC's contracts with Ecuadorian banks were extensive throughout the 1880s and 1890s, and the S154 series shares plate infrastructure with other denominations from the same institution.

The "A" suffix in the Pick reference distinguishes a specific signature or date variety within the broader S154 type.