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10 Sucres 1980, Ecuador

in Krause book Number: 114b
Years of issue: 24.05.1980
Edition: Prefix LF 5 627 755
Signatures: Gerente General: Mauricio Davalos Guevara, Superintendente de Bancos: Gonzalo Estupiñan Orejuela, Vocal: León Roldós Aguilera
Serie: No Serie
Specimen of: 24.05.1968
Material: Cotton fiber
Size (mm): 156 х 68
Printer: TDLR (Thomas de la Rue & Company), London

* All pictures marked magnify are increased partially by magnifying glass, the remaining open in full size by clicking on the image.

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10 Sucres 1980




10 Sucres 1980

Sebastián de Belalcázar

The engraving on banknote is made after this portrait of Sebastián de Belalcázar.

Sebastián de Belalcázar (1479 or 1480, Córdoba – Cartagena, 1551) was a Spanish conquistador. De Belalcázar, also written as De Benalcázar, is known as the founder of important early colonial cities in the northwestern part of South America; Quito in 1534 and Cali, Pasto and Popayán in 1537. De Belalcázar led expeditions in present-day Ecuador and Colombia and died of natural causes after being sentenced to death in Cartagena, at the Caribbean coast in 1551.

He was born Sebastián Moyano in the province of Córdoba, Spain, in either 1479 or 1480. He took the name Belalcázar as that was the name of the castle-town near to his birthplace in Córdoba. According to various sources, he may have left for the New World with Christopher Columbus as early as 1498, but Juan de Castellanos wrote that he killed a mule in 1507, and fled Spain for the West Indies due to fear of punishment, and as a chance to escape the poverty in which he lived.

He was an encomendero in Panama in 1522. He entered Nicaragua with Francisco Hernández de Córdoba in 1524 during the conquest of Nicaragua, and became the first mayor of the city of León in Nicaragua. He remained there until 1527, when he left for Honduras as a result of internal disputes among the Spanish governors. Briefly returning to León, he sailed to the coast of Peru, where he united with the expedition of Francisco Pizarro in 1532.

In 1534, while commanding the settlement of San Miguel for Francisco Pizarro, Sebastian set off to conquer Quito in Ecuador, without orders from Pizarro. Quito had been the northernmost city of the Inca Empire, but while Belalcázar defeated the Inca general Rumiñahui, the local population secreted the city treasure away. Belalcázar then founded the new city of Quito with Diego de Almagro and Baltasar Maldonado, honoring Pizarro by naming it in full "San Francisco de Quito".

His battles, though, were not entirely honourable. At a village called Quinche near Puritaco, he found that all the men were away fighting with the national army. To make an example of these people (and to vent his frustration at finding so little treasure), he ordered all the women and children to be slaughtered. 'A feeble excuse to justify cruelty unworthy of a Castilian', was the verdict of Herrera, the official Chronicler of the Conquest, to Belalcázar's excuse that this was done to terrify other natives into returning to their homes.

Moving northward into present day Colombia in search of El Dorado in 1535, he entered the Cauca River Valley, founding the southwestern Colombian cities of Santiago de Cali in 1536, and Pasto and Popayán (next in importance after Quito) in 1537. Crossing overland to the Magdalena River Valley, he entered the highlands of central Colombia, which had also been reached by Gonzalo Jiménez de Quesada and Nikolaus Federmann, a German, in 1539. The three presented their dispute before King and Holy Roman Emperor Charles V. The King granted Belalcázar rule of the area with the title of governor of Popayán and the honorary title of adelantado in May 1540. As so often happened among the conquistadors, land squabbles developed again, this time between Belalcázar and Pascual de Andagoya (1495-1548), who also claimed the governorship of Popayán. Belalcázar successfully defended his lands, and took over some of Andagoya's. He then intervened in a disagreement between supporters of the families of Pizarro and Almagro in Perú. In 1546, he ordered the execution of Jorge Robledo, who governed a neighboring province in yet another land-related vendetta. He was put to trial in absentia in 1550, convicted and condemned to death for the death of Robledo, and other offenses pertaining to his constant involvement in the various wars between other conquistadors. A victim of his own ambition, he died in 1551 before he could begin the voyage back to Spain to appeal the decision, in Cartagena, Colombia.


10 Sucres 1980


The coat of arms of Ecuador (Spanish: Escudo de armas del Ecuador) in its current form was established in 1900 based on an older version of 1845.

In the background of the oval shield is the volcano Chimborazo, while the river originating from its base represents the Guayas. They both symbolize the beauty and wealth of the respective regions (Sierra or Costa). The ship on the river is named Guayas as well. In 1841 it was built in Guayaquil and was the first riverine steamship built on the South American west coast; instead of a mast it features a Caduceus representing trade and economy. On top Inti in form of a golden sun surrounded by the astronomical signs for Aries, Taurus, Gemini and Cancer representing the months March to July to symbolize the duration of the March Revolution of 1845.

The condor on top of the shield stretches his wings to symbolize power, greatness and strength of Ecuador. The shield is flanked by four flags of Ecuador. The laurel on the left represents the victories of the republic. The palm leaf on the right side is a symbol of the martyrs of the fight for independence and liberty. The fasces below the shield represents the republican dignity.