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1 Peso

Issuer Banco de Quito
Year 1874-1878
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Composition Cotton paper
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Obverse lettering BANCO DE QUITO
PAGARÁ AL PORTADOR
UN PESO
EN MONEDA CORRIENTE
Quito de de 18
UN PESO
NºB
DIRECTOR
GERENCE
Reverse description Printed entirely in green intaglio, the reverse is dominated by a large central oval vignette of a Quito street scene with a church and colonnaded building. The oval is surrounded by an elaborate scrollwork border incorporating four smaller circular guilloche rosettes at the cardinal points and additional ornamental lathe-work medallions at the corners, creating a richly decorative frame with no additional text.
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Comments

Banco de Quito was one of several private Ecuadorian banks granted note-issuing privileges under the 1871 banking law — a deliberately liberal framework that left the country without a central bank until 1927. Charles Skipper & East, the London firm responsible for printing, handled a significant volume of Latin American provincial bank work during this period, often producing runs for institutions whose operational lifespans proved short.

Banco de Quito itself failed in 1894, a casualty of the political and financial turbulence that preceded the Liberal Revolution. Notes from the 1874–1878 issue window survived in small numbers; the bank's collapse ensured most of its paper never returned for redemption.