Catalog
1.000 Sucres
| Issuer | Banco Comercial y Agrícola |
|---|---|
| Year | 1907 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | COMPAÑIA ANONIMA. CAPITAL S/. 5.000.000. Banco Comercial y Agrícola SERIE EA A LA VISTA PAGARÁ AL PORTADOR UN MIL SUCRES 1000 EN MONEDA CORRIENTE Guayaquil PRESIDENTE DEL DIRECTORIO GERENTE SPECIMEN |
| Reverse description | The reverse is printed entirely in orange-red tones and presents, on the left half, a detailed architectural vignette of an equestrian statue set before a classical building facade with iron railings, the whole enclosed within an arched frame surrounded by fine guilloche borders. The right half carries an ornate panel with the bank's name arranged in three lines — 'BANCO', 'COMERCIAL', 'Y AGRÍCOLA' — surrounding a large blank oval, itself enclosed in layered lathe-work patterns, with the numeral '1000' repeated in the upper-right and lower-right corners. |
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| Comments |
The Banco Comercial y Agrícola occupied an unusual position in Ecuadorian monetary history: a private commercial bank with the legal authority to issue circulating currency. By 1907, the bank was already deeply entangled with the country's political establishment — its directors effectively controlled public finances, a arrangement that ended badly with the 1925 Revolución Juliana, which dissolved the bank and established the Banco Central del Ecuador specifically to break that grip.
At the 1,000 sucres denomination, this note functioned more as a financial instrument between institutions than a note passing through ordinary hands. ABNC printed the series in New York, as they did for most Ecuadorian issues of the period.