50 Sucre #309

Front

Monument to the Heroes of October 9, 1820, located in Quito's Independence Plaza. This monument commemorates the first cry of independence from Spanish colonial rule on October 9, 1820, a pivotal event in Ecuador's path to liberation. The monument features a tall column topped by a winged figure representing liberty, surrounded by a circular plaza with fountain and gardens, with the Palacio de Carondelet (Presidential Palace) visible in the background. The inscription reads 'MONUMENTO A LOS PROCERES DEL 9 DE OCTUBRE DE 1820'.

Back

The National Coat of Arms of Ecuador, featuring Mount Chimborazo with the Guayas River originating at its base, a steamboat representing early commerce, and the sun surrounded by the zodiacal signs for March, April, May, and June (representing the months of the March Revolution of 1845). The coat of arms is flanked by four national flags and topped by a condor with wings spread, symbolizing power and liberty. The word 'ECUADOR' appears below the condor.

History

This note was issued by the Banco Central del Ecuador during the late period of the Sucre currency, which served as Ecuador's national currency from 1884 to 2000. The date November 22, 1988, marks this specific issue within the Serie UA. The Sucre underwent significant devaluation during the 1980s and 1990s, ultimately leading to Ecuador's dollarization in 2000, when the US dollar replaced the Sucre at a rate of 25,000 Sucres to 1 USD. This 50 Sucres denomination reflects the lower-value circulating notes of this troubled period.