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10 Sucres

Issuer Banco Central del Ecuador
Year 1928-1938
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Value 10 Sucres
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Reverse description Printed in blue, the reverse is dominated by a large central vignette of the Ecuadorian coat of arms — an oval shield surmounted by a condor with spread wings, enclosed within an ornate lathe-work border. The denomination numeral 10 appears in all four corners within guilloche frames, and the issuer's name BANCO CENTRAL DEL ECUADOR curves across the top of the central design. The denomination DIEZ SUCRES is lettered along the lower margin, with the printer's imprint AMERICAN BANK NOTE COMPANY at the very foot of the note.
Reverse lettering BANCO CENTRAL DEL ECUADOR
10
DIEZ SUCRES
AMERICAN BANK NOTE COMPANY
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Comments

The Banco Central del Ecuador was established in 1927 as part of the Kemmerer Mission reforms — Edwin Kemmerer, the "Money Doctor," was brought in by the Ecuadorian government to overhaul a banking system riddled with competing private note issuers and chronic currency instability. The new central bank absorbed the note-issuing functions of several private banks, and this series represents some of its earliest independent circulation.

ABNC held the printing contract through much of Latin America during this period, and the Ecuador account was no exception. The watermark security on this issue is modest by later standards — the political pressure to get notes into circulation quickly after the 1927 reorganization likely outweighed any appetite for more complex security printing.