Catalog
1000 Sucres
| Issuer | Banco Central del Ecuador |
|---|---|
| Year | 1996 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Sucre (1884-2000) |
| Composition | Log in to see details |
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| Obverse description | The brass centre bears the national coat of arms of Ecuador, depicting a condor with outstretched wings perched atop an oval shield containing Mount Chimborazo, a steamship on a river, and a radiant sun above; the shield is flanked by laurel and palm branches. The legend REPUBLICA DEL ECUADOR runs along the upper periphery of the stainless steel ring, with the date 1996 positioned at the base. A beaded border frames the inner edge of the outer ring on both sides. |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | REPUBLICA DEL ECUADOR 1996 (Translation: Republic of Ecuador) |
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| Additional information |
Ecuador's sucre had been the national currency since 1884, but by the mid-1990s chronic inflation had so eroded its purchasing power that a 1000-sucre coin — unthinkable a generation earlier — became a practical necessity for everyday transactions. The country was running through denominations faster than it could redesign them.
Four years after this coin entered circulation, Ecuador abandoned the sucre entirely, dollarizing the economy in 2000 following a catastrophic banking crisis that wiped out roughly 70% of the currency's value in a single year.