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500 Sucres State Reform
| Issuer | Banco Central del Ecuador |
|---|---|
| Year | 1995 |
| 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 |
|---|---|
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| Reverse description | The reverse displays a facing portrait of President Isidro Ayora in the centre of the inner disc, with the denomination numeral '500' appearing twice in the upper left and right fields of the outer ring. The legend 'REFORMA DEL ESTADO' arcs along the upper outer ring between the two numerals, while 'ISIDRO AYORA' is inscribed above the portrait and 'QUINIENTOS SUCRES' curves along the lower portion of the outer ring, giving the denomination in full words. |
| Reverse script | Log in to see details |
| Reverse lettering | 500 - REFORMA DEL ESTADO - 500 ISIDRO AYORA QUINIENTOS SUCRES (Translation: 500 - Reform of the state - 500 Isidro Ayora Five hundred sucres) |
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| Additional information |
Ecuador's 500 Sucres coin arrived at a moment when the currency itself was already losing the battle against inflation. By 1995, the sucre had shed roughly 98% of its value since the early 1980s, and the denomination — once substantial — was worth fractions of a US cent. The "State Reform" designation on this issue reflects austerity legislation pushed through under President Sixto Durán-Ballén, though the coin's purchasing power was largely theoretical by the time it circulated.
Ecuador abandoned the sucre entirely in 2000, adopting the US dollar following a catastrophic banking crisis that wiped out savings across the country. This issue had less than five years of legal tender life.