Ecuadorian peso
The peso was a currency of Ecuador until 1884.
History
Peso was the name of the 8 real coins circulating in Ecuador since the Spanish colonial period. In 1856, the currency was pegged to the French franc, with 1 peso = 5 francs. From 1862, paper money was issued denominated in reales and pesos. The peso was formally adopted as the currency of Ecuador in 1871, replacing the real at a rate of 1 peso = 8 reales. It was subdivided into 100 centavos. In 1884, the peso was replaced by the sucre at par.
Coins
The only coins issued between 1871 and 1884 were 1 and 2 centavos, struck in cupro-nickel at the Heaton mint in Birmingham. These coins continued to circulate after the sucre was adopted.
Banknotes
Paper money was only issued by private banks. The Banco Particular de Descuento I Circulación de Guayaquil issued notes between 1862 and 1866 in denominations of 2 and 4 reales, 1, 5, 10, 20, 50 and 100 pesos. The Banco del Ecuador issued denominations of 2 and 4 reales, 1, 4, 5 and 10 pesos between 1868 and 1887. Some 1 and 5 peso notes were later overprinted for use as 80 centavo and 4 sucre notes, due to a conversion rate of 5 pesos = 4 sucres for the notes of this bank.
The Banco de Circulación y Descuento issued 4 real and 1, 4, 5, 10 and 20 peso notes in the 1860s, whilst the Banco Nacional issued notes in the 1870s in denominations of 2 and 4 reales, 1, 5, 10, 20 and 100 pesos. The Banco de Quito issued notes in denominations of 2 reales, 1, 5, 10, 20 and 100 pesos between 1874 and 1880, the Banco de la Unión issued notes between 1882 and 1893 in denominations of 1, 5, 10, 20 and 100 pesos, and the Banco Anglo-Ecuatoriano issued notes in 1884 for 1, 5 and 10 pesos.
See also
- Ecuadorian real
- Ecuadorian sucre
- Economy of Ecuador
References
- Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
- Pick, Albert (1990). Standard Catalog of World Paper Money: Specialized Issues. Colin R. Bruce II and Neil Shafer (editors) (6th ed.). Krause Publications. ISBN 0-87341-149-8.
External links
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- Argentine peso
- Chilean peso
- Colombian peso
- Cuban peso
- Dominican peso (peso oro)
- Macanese pataca
- Mexican peso
- Philippine peso (piso)
- Sahrawi peseta
- Uruguayan peso
- Argentine peso argentino
- Argentine peso ley
- Argentine peso moneda corriente
- Argentine peso moneda nacional
- Bolivian peso
- Catalan peseta (pesseta)
- Chilean peso (1817–1960)
- Costa Rican peso
- Cuban convertible peso
- Ecuadorian peso
- Equatorial Guinean peseta
- Guatemalan peso
- Guinea-Bissau peso
- Honduran peso
- Japanese government-issued Philippine peso
- Nicaraguan peso
- Paraguayan peso
- Peruvian peseta
- Portuguese Timorese pataca
- Puerto Rican peso
- Salvadoran peso
- Spanish peso
- Spanish peseta (pesseta, pezeta)
- Venezuelan peso
- Peso sign
- Maltese pataca (coin)