Catalog
100 Sucres
| Issuer | Banco del Pichincha |
|---|---|
| Year | 1912-1922 |
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| Value | 100 Sucres |
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| Obverse description | Olive-green and black intaglio print on a note with BANCO DEL PICHINCHA in bold serif lettering at the upper centre and the denomination numeral 100 in each corner. A central vignette at right presents a seated allegorical female figure evoking Commerce or Industry, with bales of goods, a steam locomotive, and sailing vessels rendered in the background. The lower field carries the inscription VALE CIEN SUCRES and CIEN SUCRES in large letterpress, with the American Bank Note Co., New York imprint at the bottom margin. |
|---|---|
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| Reverse lettering | BANCO DEL PICHINCHA 100 100 100 100 100 |
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| Comments |
Banco del Pichincha was a regional private bank operating out of Quito, one of several Ecuadorian commercial banks granted note-issuing privileges under the 1899 Ley de Bancos. This arrangement persisted until the Banco Central del Ecuador was established in 1927, at which point private banks lost their right of issue — making the entire series of Pichincha notes a product of a specific and time-limited monetary structure.
The American Bank Note Company produced this note at their New York facilities, as they did for a substantial portion of Latin American private bank paper during this period. At the 100 Sucres denomination, circulation would have been limited to commercial transactions; ordinary wages in Ecuador at the time ran to fractions of a Sucre daily.