Currency of Uruguay fine gold), and equal to 10 silver pesos, each of 25·48 g, 0·917 fine (23·365 g fine silver), giving a silver:gold ratio of 15:1. The peso was revalued to 100 centésimos, with 1 new centésimo equal to 10 old centésimos de real, the new currency being known as "Sistema centesimal" (as opposed to the old "Sistema real"). The National Currency Decree declared that until a national coinage could be minted, foreign silver and gold coins should continue to circulate at their then current values (adjusted to conform to this decree), A number of foreign coins (and their multiples and fractions)
Currency of Ecuador centavos). The 1898 law also made the sovereign legal tender. A subsequent decree (October 29, 1908) authorized a gold 1/5 cóndor and vellón coins (75% copper, 25% nickel) of 1/2, 1, 2, and 5 centavos. "Banco del Ecuador" and "Banco Comercial y Agricola" continued issuing. They were joined by two new issuing banks. "Banco del Pichincha", Quito, issued notes for 1, 5, 10, and 20 sucres from 1906. A second issue was for 1, 5, 10, 20, 50 & 100 sucres. "Banco del Azuay", Cuenca, issued notes from 1913 for 1, 2, 5, and 10 sucres. copper-nickel, Heaton mint, dated