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1 Peso - Banco de Quito

Issuer Banco de Quito
Year 1880
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Value 1 Peso
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Obverse lettering Banco de Quito Vale Un Peso en Moneda Corriente Quito, enero 2 de 1880
(Translation: Bank of Quito Worth One Peso in Currency Quito, 2nd of January, 1880)
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Reverse lettering Banco de Quito
(Translation: Bank of Quito)
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Comments

The Banco de Quito was one of Ecuador's earliest private commercial banks, chartered in 1868 and operating during a period when the country's note-issuing system was fragmented across several regional institutions. ABNC supplied plates and printed notes for a significant number of Ecuadorian banks during this period, and the quality differential between their product and locally printed alternatives was considerable — a practical reason why provincial banks sought New York suppliers despite the logistical cost.

P#S241 falls in the "S" (Specialized) series, indicating a private bank rather than a national authority issue. Surviving examples are scarce; Ecuadorian private bank paper from the 1880s suffered heavy attrition during subsequent currency reforms.

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