centavo de dólar de Ecuador (Spanish) | |
---|---|
ISO 4217 | |
Code | none not a separate currency; uses USD instead |
Unit | |
Symbol | ¢ |
Denominations | |
Superunit | |
100 | United States dollar |
Banknotes | none issued1 |
Coins | 1, 5, 10, 25, 50 centavos |
Demographics | |
User(s) | Ecuador (alongside the U.S. dollar) |
Issuance | |
Central bank | Banco Central del Ecuador |
Website | www.bce.fin.ec |
Valuation | |
Pegged with | United States dollar (at 1:100 ratio) |
Ecuadorian centavo coins were introduced in 2000 when Ecuador converted its currency from the sucre to the U.S. dollar. [1] The coins are in denominations of 1, 5, 10, 25 and 50 centavos and are identical in size and value to their U.S. cent counterparts (although the U.S. 50-cent coin counterpart is not often seen in circulation). They circulate within Ecuador alongside coins and banknotes from the United States. [1] Although U.S. $1 coins are rarely used in the U.S., they are commonly used in Ecuador. Ecuador managed to introduce a $1 coin (un sucre) [2] but finally decided to not release in common circulation, only in 2000 coin sets. Ecuador does not issue any banknotes, relying on U.S. issues.
Ecuadorian centavos bear the numeric value along with the value spelled out in Spanish, and the legend of the Banco Central del Ecuador; the reverse is printed with the portrait and name of a notable Ecuadorian, the legend "República del Ecuador" and the country's coat of arms. The exception is the one-cent coin, which rather than bearing a portrait, is printed with a map of the Americas and bears the legend "Luz de América" ("Light of the Americas"). Coins bear the date Año 20xx, beginning in 2000; the largest proportion of coins in circulation are from the 2000 minting. With the exception of the one-cent coin, the coins are nickel-plated steel; the "un centavo" coin is generally brass-plated steel although a few were struck in copper-plated steel. The coins are minted by the Royal Canadian Mint [3] and the Casa de Moneda de México. [4]
Image | Value | Technical parameters | Description | Date of | ||||||
---|---|---|---|---|---|---|---|---|---|---|
Diameter | Thickness | Mass | Composition | Edge | Obverse | Reverse | issue | withdrawal | ||
1 centavo | 19 mm | 1.25 mm | 2.5-2.55 g | Brass | Plain | "BANCO CENTRAL DEL ECUADOR", year of minting, denomination in digits and words | "REPUBLICA DEL ECUADOR", stylized image of the globe with the equator passing through Ecuador and rays emanating from Ecuador, legend "LUZ DE AMERICA" (Spanish for Light of the Americas) | 10 September 2000 | Current | |
1 centavo | 19 mm | 1.45 mm | 2.35 g | Copper-plated steel | Plain | "BANCO CENTRAL DEL ECUADOR", year of minting, denomination in digits and words | "REPUBLICA DEL ECUADOR", stylized image of the globe showing the Americas with the equator passing through Ecuador and rays emanating from Ecuador, legend "LUZ DE AMERICA" (Spanish for Light of the Americas) | 2003 | Current | |
5 centavos | 21.2 mm | 1.9 mm | 4.95 g | Stainless steel | Plain | "BANCO CENTRAL DEL ECUADOR", year of minting, denomination in digits and words | "REPUBLICA DEL ECUADOR", portrait and name of Juan Montalvo , national coat of arms | 10 September 2000 | Current | |
10 centavos | 17.9 mm | 1.3 mm | 2.3 g | Stainless steel | Reeded | "BANCO CENTRAL DEL ECUADOR", year of minting, denomination in digits and words | "REPUBLICA DEL ECUADOR", portrait and name of Eugenio Espejo , national coat of arms | 10 September 2000 | Current | |
25 centavos | 24.2 mm | 1.75 mm | 5.8 g | Stainless steel | Reeded | "BANCO CENTRAL DEL ECUADOR", year of minting, denomination in digits and words | "REPUBLICA DEL ECUADOR", portrait and name of José Joaquín de Olmedo , national coat of arms | 10 September 2000 | Current | |
50 centavos | 30.6 mm | 2.1 mm | 11.25 g | Stainless steel | Reeded | "BANCO CENTRAL DEL ECUADOR", year of minting, denomination in digits and words | "REPUBLICA DEL ECUADOR", portrait and name of Eloy Alfaro , national coat of arms | 10 September 2000 | Current | |
For table standards, see the coin specification table. |
The Central Bank of Ecuador also produced a commemorative $1 (un sucre) coin for official 2000 mint sets. It was never released for circulation.
Image | Value | Technical parameters | Description | Date of | ||||||
---|---|---|---|---|---|---|---|---|---|---|
Diameter | Thickness | Mass | Composition | Edge | Obverse | Reverse | issue | withdrawal | ||
1 sucre | 30.5 mm | 2.2 mm | 11.25 g | Nickel-clad steel | Reeded | "BANCO CENTRAL DEL ECUADOR", year of minting, denomination in digits and words | "REPUBLICA DEL ECUADOR", portrait and name of Antonio José de Sucre , national coat of arms | 2000 (official mint sets only) | Never in circulation | |
For table standards, see the coin specification table. |
Coins of the United States dollar, aside from those of the earlier Continental currency were first minted in 1792. New coins have been produced annually and they make up a valuable aspect of the United States currency system. Circulating coins exist in denominations of 1¢, 5¢, 10¢, 25¢, 50¢, and $1.00. Also minted are bullion, including gold, silver and platinum, and commemorative coins. All of these are produced by the United States Mint. The coins are then sold to Federal Reserve Banks which in turn are responsible for putting coins into circulation and withdrawing them as demanded by the country's economy.
The Mexican peso is the currency of Mexico. Modern peso and dollar currencies have a common origin in the 16th–19th century Spanish dollar, most continuing to use its sign, "$".
The Philippine peso, also referred to by its Filipino name piso, is the official currency of the Philippines. It is subdivided into 100 sentimo, also called centavos.
The Portuguese escudo was the currency of Portugal from 22 May 1911 until the introduction of the euro on 1 January 2002. The escudo was subdivided into 100 centavos. The word escudo derives from the scutum shield.
The Sucre was the currency of Ecuador between 1884 and 2000. Its ISO code was ECS and it was subdivided into 10 decimos and 100 centavos. The sucre was named after Latin American political leader Antonio José de Sucre. The currency was replaced by the United States dollar as a result of the 1998–99 financial crisis.
The centavo is a fractional monetary unit that represents one hundredth of a basic monetary unit in many countries around the world. The term comes from Latin centum, with the added suffix -avo ('portion').
The Cuban peso also known as moneda nacional, is the official currency of Cuba.
Philippine peso coins are issued by the Bangko Sentral ng Pilipinas for circulation in the Philippines and are currently available in seven denominations. The Philippine peso has been in use since Spanish rule.
Peso dominicano has been the name of the currency of the Dominican Republic since 2010. Its symbol is "$", with "RD$" used when distinction from other pesos is required; its ISO 4217 code is "DOP". Each peso is divided into 100 centavos ("cents"), for which the ¢ symbol is used. With exception of the United States dollar, it is the only currency that is legal tender in the Dominican Republic for all monetary transactions, whether public or private.
The boliviano is the currency of Bolivia. It is divided into 100 cents or centavos in Spanish. Boliviano was also the name of the currency of Bolivia between 1864 and 1963. From April 2018, the manager of the Central Bank of Bolivia, Pablo Ramos, announced the introduction of the new family of banknotes of the Plurinational State of Bolivia, started with the 10 Bs note, and then gradually arrived to introduce the 200 Bs note, presented in April 2019. The new family of banknotes of the Plurinational State received several awards such as "the best banknotes in Latin America", was highlighted by its security measures, its aesthetics and its inclusion of prominent figures in Bolivian history, being among those who awarded the "Latin American High Security Printing Press Conference".
The colón was the currency of El Salvador from 1892 until 2001, when it was replaced by the U.S. dollar during the presidency of Francisco Flores. The colón was subdivided into 100 centavos and its ISO 4217 code was SVC. The plural is "colones" in Spanish and the currency was named after Christopher Columbus, known as Cristóbal Colón in Spanish.
The Jamaican dollar has been the currency of Jamaica since 1969. It is often abbreviated to J$, the J serving to distinguish it from other dollar-denominated currencies. It is divided into 100 cents, although cent denominations are no longer in use as of 2018. Goods and services may still be priced in cents, but cash transactions are now rounded to the nearest dollar.
East Timor centavo coins were introduced in East Timor in 2003 for use alongside United States dollar banknotes and coins, which were introduced in 2000 to replace the Indonesian rupiah following the commencement of U.N. administration. One centavo is equal to one U.S. cent. Coins issued for general circulation are in denominations of 1, 5, 10, 25 and 50 centavos and feature images of local plants and animals. In 2013 a 100 centavos coin was introduced followed by a 200 centavos coin in 2017. The higher value coins, equivalent to US$1 and US$2 respectively, were designed to reduce the expense of replacing low-denomination U.S. banknotes as they wear out. As of 2023, East Timor does not yet issue its own banknotes.
The escudo is the currency of the Republic of Cape Verde. One escudo is subdivided into one hundred centavos.
The Cook Islands dollar was the former currency of the Cook Islands, which now uses the New Zealand dollar, although some physical cash issued for the Cook Islands dollar remains in use. The dollar was subdivided into 100 cents, with some older 50-cent coins carrying the denomination as "50 tene".
The peso was a currency of Ecuador until 1884.
This article provides a historical summary of the currency used in Ecuador. The present currency of Ecuador is the United States dollar.
The Brazilian real is the official currency of Brazil. It is subdivided into 100 centavos. The Central Bank of Brazil is the central bank and the issuing authority. The real replaced the cruzeiro real in 1995.
The Chilean peso currently has 6 denominations of coins, which are 1, 5, 10, 50, 100 and 500 pesos. Its subdivision is the centavo, but centavo coins were only minted until 1979. The coins were first minted in 1975. The peso and centavo replaced the Chilean escudo and centesimo respectively. The latter currency were Chile's national currency from 1960 to 1975.
The (first) cruzeiro (Cr$) was the official currency of Brazil from 1942 to 1967. It replaced the old real, which had been in use since colonial times, at the rate of Rs 1$000 = Cr$1, It was in turn replaced by the cruzeiro novo, at the rate of Cr$1,000 = NCr$1.