100 Sucres

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.