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100 Sucres

Issuer Banco Comercial y Agrícola
Year 1922
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Size 195 x 110 mm
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Obverse description The obverse is printed in brown and orange tones with intricate guilloche borders. To the left, a classical female bust vignette is set within an oval frame, flanked by the numeral 100 on both sides; to the right, an allegorical seated female figure rests against a decorative background. The central text panel bears the promise to pay in intaglio lettering, with the bank's name across the top, capital notation, and place of issue reading Guayaquil at lower center.
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Reverse lettering BANCO COMERCIAL
YAGRICOLA
100
AMERICAN BANK NOTE COMPANY NEW YORK
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Comments

The Banco Comercial y Agrícola was Ecuador's de facto central bank for much of the early twentieth century — a private commercial institution that nonetheless held the government's accounts and effectively controlled monetary policy. The arrangement was deeply controversial, and this note circulated during the final years before political pressure forced a reckoning: the 1925 "Revolución Juliana" coup targeted the bank specifically, accusing it of enriching Guayaquil's coastal elite at the expense of the broader economy.

The ABNC plate work on this series is among the more refined produced for Ecuadorian clients in this period. The bank was liquidated by 1926.