Currency of Ecuador and the new. It was further arranged to have Banco del Ecuador import coin based on the French decimal system. García Moreno thus settled the basic problems of Ecuador's currency. In 1877 President Ignacio de Veintimilla authorized the free circulation of coin less than 900 fine, with the immediate result that good quality coin disappeared from circulation, replaced by coin from Chile and Bolivia that was only 500 fine. "Banco del Ecuador" issued notes for 2 & 4 reales and 1, 5, 10, 20, 100, 500 & 1000 pesos. "Banco Nacional", Guayaquil, issued notes briefly in 1871 for 2 and
Basic income which have been labeled as "basic income pilots". The best known are: Bolsa Família is a big social welfare program in Brazil that provides money to many poor families in the country. The system is related to basic income, but also has some differences in that there are some conditions like asking the recipients to keep their children in school till graduation. Brazilian Senator Eduardo Suplicy championed a law, ultimately passed in 2004, that declared Bolsa Família to be a first step towards a national basic income. However, the program has not yet been expanded in that direction. Rythu Bandhu