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50 Sucres

Issuer Banco Comercial y Agrícola
Year 1916-1918
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Reference(s) P#S130
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Reverse description Dark green intaglio print on pale paper, dominated by elaborate interlocking guilloche rosettes and lathe-work forming a dense geometric pattern. The denomination numeral 50 appears in each corner, with a central oval void flanked by two smaller denomination counters reading 50. The bank name BANCO COMERCIAL Y AGRICOLA arcs through the middle register, and the printer's imprint AMERICAN BANK NOTE COMPANY, NEW YORK is present at the lower center.
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Variants P#S130s - 05.01.1916; 15.03.1916; 16.03.1918
Comments

The Banco Comercial y Agrícola was, by the early twentieth century, the most politically entangled private bank in Ecuadorian history — its directors overlapped almost entirely with the coastal commercial elite that effectively controlled government finances through a system of loan arrangements with the state. The bank held the de facto monopoly on note issue for years beyond its legal mandate, a situation that became a central grievance in the 1925 Revolución Juliana, which ultimately abolished the bank's issuing privileges and paved the way for the creation of the Banco Central del Ecuador in 1927.

ABNC supplied the printed sheets from New York; completion of dates and serial details was handled locally in Guayaquil.

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