- Ecuadorian peso
The peso was a
currency ofEcuador until 1884.History
Peso was the name of the 8 reales 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 100centavo s. 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 pesos notes were later overprinted for use as 80 centavos and 4 sucres 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 reales, 1, 4, 5, 10 and 20 pesos 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.
ee also
*
Ecuadorian real
*Ecuadorian sucre
*Economy of Ecuador References
*numis cite SCWC|date=1991
*numis cite SCWPM|date=1990.sExternal links
Standard numismatics external links
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