Ecuadorian real

Ecuadorian real

The real was the currency of Ecuador until 1871. There were no subdivisions but 16 silver reales equalled 1 gold escudo, with the 8 reales coin known as a peso.

History

Until 1822, the Spanish colonial real circulated, followed by the Colombian real. Ecuador introduced its own coinage in 1833, with the Ecuadorian real replacing the earlier currencies at par. In 1856, the currency was pegged to the French franc, with 8 reales = 5 francs (1 r
peso in 1871 at a rate of 8 reales = 1 peso.

Coins

Silver coins were issued in denominations of ¼, ½, 1, 2, 4 and 8 reales, 1, 2, 4 and 8 escudos. In 1858, a coin denominated as 5 francos was issued. This was worth 8 reales and was issued to indicate the currency's link to the French franc. Coinage production was suspended in 1862.

Banknotes

Private banks issued paper money denominated in reales between 1862 and 1871. For details, see Ecuadorian peso.

ee also

*Ecuadorian peso
*Ecuadorian sucre
*Economy of Ecuador

References

*numis cite SCWC|date=1991
*numis cite SCWPM|date=1990.s

External links

Standard numismatics external links
world_coin_gallery_1_url = Ecuador
world_coin_gallery_1_name = Ecuador
banknote_world_1_url =
banknote_world_1_name =
dollarization_1_url =
dollarization_1_name =
gfd_1_url = Ecuador
gfd_1_name = Ecuador
gfd_data_1_url = 3889
gfd_data_1_name = Ecuadorian peso
show_gfd_excel = Y


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