Tickets
Mexico City, May 15 .- Contrary to the assertions of Guillermo Ortiz, governor of the Bank of Mexico and the Finance Secretary Agustin Carstens, that the crisis had already bottomed out, the Governing Board of the Central Bank does not share this vision. In fact, says Roberto Galvan, director of the Vanguard Investment, the Governing Board of the Bank of Mexico will recognize the damage that the economy in the coming months, hence the decision to lower the interest rate of bank funding. The first banknotes were issued by sucre as private banks. Banco Central del Ecuador provisionally issued tickets for 80 cents and 4 sucres between 1885 and 1887 due to a conversion rate of 5 pesos 4 sucres for the previous bill of this bank. Regular tickets were issued until 1926 in denominations of 1, 2, 5, 10, 20, 50, 100, 500 and 1000 sucres. 1 sucre tickets issued by the Banco Anglo-Ecuatoriano in 1885 and 1886, and the Bank of Quito in 1885.
The Union Bank of tickets issued between 1887 and 1895 in denominations of 1, 5, 10, 20 and 100 sucres, while the International Bank issued banknotes between 1887 and 1894 in denominations of 1, 5, 10, 20, 100, 500 and 1000 sucres. Agricultural and Commercial Bank issued banknotes between 1895 and 1925 in denominations of 1, 5, 10, 20, 50, 100, 500 and 1000 sucres. Banco del Pichincha issued notes of 1, 5, 10, 20, 50 and 10 between 1907 and 1924 sucres. Banco del Azuay issued notes of 1, 2, 5 and 10 sucres between 1914 and 1924. La Compania de Credito Agricola e Industrial issuing bills of 2 and 10 sucres in 1921. Finally, the Bank of Discount tickets issued 5 and 50 sucres in 1923 and 1924.
In 1926, the Central Fund Amortization of issuance and was brought to make the transition from private banks the currency to a central bank. The same tickets issued in 1926 and 1927 in denominations of 1, 2, 5, 10 and 1000 sucres were reprints of banknotes issued by private banks.
The first notes of the Central Bank (Banco Central del Ecuador Sociedad Anonima) were released in 1928 in denominations of 5, 10, 20, 50 and 100 sucres. These tickets had an amortization of gold, for example, pay the bearer five sucres it turns to gold or gold (promises to pay bearer on the FIVE Sucre in gold or gold exchange). The gold clause was kept on the notes of the Central Bank until 1939, when I edit the text to pay the bearer on the Sucres FIVE. Other denominations of 500 and 1000 sucres were licensed in 1944.
In 1949-1950 the Central Bank presented a new ticket size (157 -68 mm) in denominations of 5, 10, 20, 50 and 100 sucres, and add the phrase pay the bearer on sight, leaving only literal count (ie the title). All tickets distributed since 1928 had been printed by American Bank Note Company, but Waterlow and Sons are now made to the contract for the issuance of notes of 5 and 50 sucres, who were the first banknotes in Ecuador have a security thread . At the end of the 1950s Waterlow was abandoned in favor of Thomas de la Rue, which prints banknotes of 5, 20, 50 and 100 sucres, while American Bank Note followed by printing banknotes of 5, 10, 20 and 100 sucres. Tickets for the two printers share the same basic model, but while American Bank Note necklace plates used as a safety device of La Rue used a metal wire. These tickets went through several revisions, and the ink head of security was introduced around 1970. A ticket of 1000 sucres tail was finally put into service in 1973.
The next change came in 1975 when the rear of all banknotes in circulation was redesigned to show the new national coat of arms. A small ticket Sucres 500 also appears in the late 70s.
Since 1984, the Banco Central del Ecuador title appears on the tickets, without the text Sociedad Anonima. And the mark of printing and does not appear in them. When I push inflation, it introduces higher denominations: 5000 in 1987, 10,000 in 1988, 20,000 in 1995 and 50,000 in 1996.
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