Ecuador Money

In March 2000 the U.S. dollar became the official currency of Ecuador.

The Us Dollar replaced the original Sucre currency.

You will find US bills of 1, 5, 10, 20, 50, and 100.

The Ecuador Sucre currency was used from 1884 until 2000.

The Central Bank of Ecuador continued to exchange Sucre bills to U.S. dollars until March 30, 2001.

At that time, the exchange rate was 25,000 Sucres for $1 U.S. dollar.

The Sucre currency was named after Mariscal Antonio Jose de Sucre, the independence hero of Ecuador. The Sucre replaced the peso, which was used since 1822.

Now, all Ecuador money is U.S. paper currency. They are issued in the same denominations that they are in the United States.

Coins

Additionally, Ecuador issued its own coins. These coins are issued in 1, 5, 10, 25, 50 cents and $1 denominations. These are equal in value to the U.S. coins and commonly used.



The Ecuadorean coins have the numeric value written in Spanish on them along with the words "Banco Central de Ecuador."

The reverse side has a portrait of a famous Ecuadorian and the words "Republica del Ecuador."

They also have the country's coat of arms. The 1 cent coin is brass or copper in color. The rest of the coins are silver colored. U.S. coins are accepted as well.

With Ecuador money you can do a lot more with the same U.S. dollar than you can ever do in the United States.

With the same amount you pay for a beer in the United States you can buy as much as two meals in Ecuador.

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Traveler's Checks: are a great way to keep track of your funds while away from home. They are accepted in Ecuador banks. The charge for Traveler's Checks is between one and four percent of the face value.

Credit Cards: All major brands of credit cards (MasterCard, American Express, Visa, etc) are accepted in Ecuador.

Credit cards are useful for purchases in hotels, shops, restaurants, and for cash advances from Automated Teller Machines or banks.

ATM Machines: can be found at most major banks and, in almost every city in Ecuador, in luxury hotels, malls, airports, and along busy avenues and streets.

Money Transfers: Most cities in Ecuador have international money transfer offices like Western Union and DHL where you can pick up Ecuador money sent from abroad.

If you're not traveling from the USA, consider bringing a small supply of US dollars with you on your trip in case you have trouble exchanging currency from your home country.

It is also a good idea to bring lots of one and five dollar bills with you, because getting change for larger bills is a bit difficult.

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