1 Sucre

Banco Internacional was one of Ecuador's early private issuing banks, operating under the 1871 banking law that allowed chartered institutions to circulate their own paper currency — a patchwork system that persisted until the Banco Central del Ecuador was established in 1927. Waterlow & Sons handled a substantial portion of Latin American private bank printing during this period, and their work for Ecuadorian issuers was competent if not especially distinguished.

The Sucre as a monetary unit had only been formally established in 1884, replacing the peso at par, so this 1892 note is among the earlier commercial issues in the new denomination.