Historic Ecuadorian sucre Euro

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.

13/07/2015: Greek debt bailout agreement

A third bailout deal was reached between Greece and its creditors, avoiding a potential Greek exit from the Eurozone.

02/05/2010: Greek debt crisis

Greece's financial crisis threatened the stability of the Eurozone, requiring massive bailout packages to prevent a default.

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.

15/10/2008: Global financial crisis

The Euro faced significant economic challenges following the collapse of Lehman Brothers, leading to a recession in many Eurozone countries.

01/05/2004: Eurozone expansion

10 more countries joined the Eurozone, bringing the total number of participating countries to 24.

01/01/2002: Euro banknotes and coins

Physical banknotes and coins in Euro were introduced, replacing national currencies in 12 European countries.

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The sucre was completely withdrawn from circulation, and all transactions were required to be conducted in US dollars.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.

01/01/1999: Introduction of the Euro

The Euro was officially introduced as an electronic currency for banking and financial transactions.

07/02/1992: The Maastricht Treaty

The treaty was signed, which officially established the European Union and laid the groundwork for the creation of the Euro.

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.