Catalog
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| Issuer | Banco del Pichincha |
|---|---|
| Year | 1907-1908 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Shape | Rectangular |
| Printer | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | EL BANCO DEL PICHINCHA COMPAÑIA ANONIMA CAPITAL S. 800,000 Serie B PAGARÁ A LA VISTA AL PORTADOR CINCO SUCRES EN MONEDA CORRIENTE QUITO CINCO 5 |
| Reverse description | Log in to see details |
| Reverse lettering | EL BANCO DEL PICHINCHA SUCRES SUCRES CINCO CINCO 5 5 |
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| Comments |
Banco del Pichincha was founded in Quito in 1906, making this among the earliest notes it ever issued. Waterlow & Sons supplied the printing, as they did for dozens of Latin American institutions during this period — the bank had little choice but to contract abroad, since no Ecuadorian facility could produce security-printed currency of acceptable quality at the time.
Ecuador's banking system in 1907 was fragmented, with several private banks holding note-issuing privileges simultaneously. The Pichincha's early notes competed directly with those of the Banco Comercial y Agrícola de Guayaquil, an institution that would later become notorious for its role in Ecuador's catastrophic monetary crisis of the 1920s.