100 Sucres

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.