20/09/2015: Discontinuation of the sucre electrónico
Due to various issues, the sucre electrónico was discontinued, and the US dollar remained as the sole official currency of Ecuador.
30/11/2009: Introduction of the sucre electrónico
The sucre electrónico, a digital currency, was launched in an attempt to promote financial inclusion and reduce the country's reliance on US dollar.
09/01/2000: Withdrawal of the Sucre from circulation
The sucre was completely withdrawn from circulation, and all transactions were required to be conducted in US dollars.
09/03/1999: Adoption of US dollar as official currency
Ecuador officially adopted the US dollar as its official currency, replacing the sucre nuevo.
08/12/1964: Introduction of the Sucre Nuevo
A new sucre, known as the sucre nuevo, was introduced to replace the original sucre at a rate of 1 sucre nuevo to 1,000 sucres.
08/07/1932: Creation of the Central Bank of Ecuador
The Central Bank of Ecuador was established with the aim of regulating the currency and monetary policy.
14/01/1884: Introduction of the Sucre
The sucre was introduced as the national currency of Ecuador at a rate of 5 sucres to 1 US dollar.