Ecuadorian centavo coins

Ecuadorian centavo
centavo de dólar de Ecuador (Spanish)
ISO 4217
Codenone
not a separate currency; uses USD instead
Unit
Symbol¢
Denominations
Superunit
 100United States dollar
Banknotesnone issued1
Coins1, 5, 10, 25, 50 centavos
Demographics
User(s) Ecuador
(alongside the U.S. dollar)
Issuance
Central bankBanco Central del Ecuador
 Websitewww.bce.fin.ec
Valuation
Pegged withUnited States dollar (at 1:100 ratio)
1 Ecuador also uses U.S. dollar notes and the dollar coin.

Ecuadorian centavo coins were introduced in 2000 when Ecuador converted its currency from the sucre to the U.S. dollar.[1] The coins are in denominations of 1, 5, 10, 25 and 50 centavos and are identical in size and value to their U.S. cent counterparts (although the U.S. 50-cent coin counterpart is not often seen in circulation). They circulate within Ecuador alongside coins and banknotes from the United States.[1] Although U.S. $1 coins are rarely used in the U.S., they are commonly used in Ecuador. Ecuador managed to introduce a $1 coin (un sucre)[2] but finally decided to not release in common circulation, only in 2000 coin sets. Ecuador does not issue any banknotes, relying on U.S. issues.

  1. ^ a b Behnke, Alison (2008). Ecuador in Pictures. Twenty-First Century Books. p. 68. ISBN 978-0822585732.
  2. ^ "Numista Ecuador $1 webpage". Numista. Retrieved 2018-06-26.