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The sucre was completely withdrawn from circulation, and all transactions were required to be conducted in US dollars.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.
29/09/1977: Decimals Introduced
Chile replaced the escudo with the decimal centavo as the subunit of the peso, simplifying its monetary system.
29/09/1975: Floating Exchange Rate
Chile moved from a fixed to a floating exchange rate system, allowing the peso to be determined by market forces.
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.
02/01/1958: Introduction of Escudo as Subunit
The subunit of 1/100 peso, called the escudo, was introduced to facilitate smaller transactions in Chile.
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.
31/12/1925: Creation of the Central Bank of Chile
The Central Bank of Chile was established, gaining authority over the country's currency issuance and monetary policy.
25/06/1895: Gold Standard Adoption
Chile adopted the gold standard, tying the value of the Chilean Peso to the price of gold and stabilizing its currency.
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.
15/06/1851: First Peso Coinage
The first official peso coins were introduced by the Chilean government, replacing the Spanish colonial currency.
12/02/1817: Chilean Independence
Chile gained independence from Spain, leading to the establishment of the Chilean Peso as its official currency.