50,000 Surce, Ecuador, 1995-99

50,000 Sucre banknote of Ecuador, printed from 1995-99. The obverse features a portrait of Eloy Alfaro, a liberal Ecuadorian politician who served as the President from 1895-1901 and 1906-11. He led the Liberal Revolution of 1895, which secularized the state, introduced civil marriage and divorce, and expanded education. He was a major political rival of Gabriel Garcia Moreno, who features on the 20,000 sucre banknote. 

These high denomination notes were issued in the late 1990s, after Ecuador had faced years of high inflation (20-50% per annum), which made the currency practically worthless (20,000 sucres to a US dollar). In early 2000, Ecuador adopted the US dollar as legal tender, at the rate of 25,000 sucres to a dollar - dollar continues to remain legal tender for Ecuador even today. Thus, these were amongst the last banknotes to be printed by Ecuador. 

The sucre had been introduced as currency in 1884 - its span of 116 years makes it one of the longest used currencies in South America, where most countries have run through multiple currencies in the 1980s and 1990s. 

Size: 157 mm* 67 mm
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Notes are in uncirculated condition, and are part of a lot. The piece you get may not be the one in the image, but will be in similar condition. Price is for one note. 

NO RETURNS OR EXCHANGE.