Ecuadorian sucre

From Wikipedia, the free encyclopedia

(Redirected from Sucre (currency))
Jump to: navigation, search
Ecuadorian sucre
1000 sucre 1996 Ecuadorian Sucre notes used in the last years before dollarization.
1000 sucre 1996 Ecuadorian Sucre notes used in the last years before dollarization.
ISO 4217 Code ECS
User(s) Ecuador
Subunit
1/100 centavo
Symbol S/.
Plural sucres
centavo centavos
Coins 100, 500, 1000 sucres
Banknotes 5000, 10,000, 20,000, 50,000 sucres
Central bank Banco Central del Ecuador
Website www.bce.fin.ec/
This infobox shows the latest status before this currency was rendered obsolete.

The sucre was the currency of Ecuador between 1884 and 2000. Its ISO code was ECS and it was subdivided into 10 decimos or 100 centavos. The sucre replaced the peso at par. It was named after Antonio José de Sucre. In 2000, in response to a major financial crisis, the country switched its currency to the United States dollar at a rate of 1 dollar = 25,000 sucres. The sucre was fully demonetized shortly after the transition. Ecuador now only issues its own coins.

Contents

The first coinage consisted of denominations from ½ centavo to 5 centavos (half decimo) in base metal, from ½ decimo up to 1 sucre in silver and 10 sucres in gold. Centavo coins minted as subdivisions of the peso continued to circulate after the introduction of the sucre. The 10-centavos coin was called a real, with the 5-centavos coin known as a medio (meaning half).

Inflation lead to the 5 centavo coin being the smallest to be issued from the 1920s. In 1928, the silver one-sucre coin was reduced from 25 grams to 5 grams. The new coins were dubbed Ayoras after the president, Isidro Ayora. Silver 2 sucres were also introduced, together with gold coins denominted 1 condor, equal to 25 sucres. In 1943, silver 5-sucres coins were introduced and a nickel clad steel issue in 1988. Also in 1988, coins of 10, 20 and 50 sucres were issued, whilst high inflation in the 1990s lead to bi-metallic coins of 100, 500 and 1000 sucres being introduced between 1995-96.

The first banknotes of the Central Bank were issued in 1928 in denominations between 5 and 100 sucres. 500 and 1000 sucres notes were added in 1944. In 1987 and 1988, 5000 and 10,000 sucres notes appeared, followed by 20,000 and 50,000 sucres notes in 1995. Some notable appearances on various banknotes include Dr. Eugenio de Santa Cruz y Espejo, on the 500-sucre note, and Simón Bolívar, shown on the 100-sucre note.

Obverse & Reverse Value (S/.) Dimensions Main color Depicted person (obverse)
5 140 x 65 mm Red Antonio Jose de Sucre
10 140 x 65 mm BlueOrange Sebastián de Belalcázar
20 140 x 65 mm Brown La Compañía church
50 140 x 65 mm Green ?
100 140 x 65 mm Black Simon Bolivar
500 140 x 65 mm Purple and yellow Dr. Eugenio de Santa Cruz y Espejo
1000 140 x 65 mm Brown Ruminahui
5,000 140 x 65 mm Brown and blue Juan Montalvo
10,000 140 x 65 mm Brown Vincente Rocafuerte
20,000 140 x 65 mm Brown Gabriel Garcia Moreno
50,000 140 x 65 mm Orange and green Eloy Alfaro

Notes used during the last years of the sucre (together with 100, 500 and 1000 sucre coins) include:

Sucres per US Dollar:

  • 25.00 (1979)
  • 2,564.50 (1995)
  • 3,189.50 (1996)
  • 3,988.30 (1997)
  • 5,446.60 (1998)
  • 11,786.80 (1999)
  • 24,860.70 (January 2000)
  • 25,000.00 (at dollarization time)


Advanced Search
Included Web Search Engines


Safe Search

close

Top Matching Results

Occasionally Search.com will highlight specialized results that are based on the context of your query. Examples of specialized results include specific links to news, images, or video.

Top Matching Results may highlight information from other Search.com pages, content from the CNET Network of sites, or third party content. The listings are based purely on relevance. Search.com does not receive payment for listings in this section but our partners that provide this data may get paid for listing these products.

Sponsored Links

This section contains paid listings which have been purchased by companies that want to have their sites appear for specific search terms and related content. These listings are administered, sorted and maintained by a third party and are not endorsed by Search.com.

Search Results

Search.com sends your search query to several search engines at one time and integrates the results into one list which has been sorted by relevance using Search.com's proprietary algorithm. You can customize the list of search engines included in your metasearch from the preferences.

The search engines that are used in your metasearch may allow companies to pay to have their Web sites included within the results. To view the Paid Inclusion policy for a specific search engine, please visit their Web site. Search.com does not accept payment or share revenue with any search engine partner for listings in this section.