View source for Ecuadorian real

[[File:4 reales 1842.jpg|thumb|Ecuadorian Real]]
The '''real''' was the [[currency]] of [[Ecuador]] until 1871. There were no subdivisions but 16 [[silver]] reales equalled 1 [[gold]] [[escudo]], with the 8 reales coin known as a peso.

==History==
Until 1822, the [[Spanish colonial real]] circulated, followed by the [[Colombian real]]. Ecuador introduced its own [[coin]]age in 1833, with the Ecuadorian real replacing the earlier currencies at par. In 1856, the currency was pegged to the [[French franc]], with 8 reales = 5 francs (1 real = 62½ centimes). From 1862, banknotes were issued denominated in pesos and reales. The real was replaced by the [[Ecuadorian peso|peso]] in 1871 at a rate of 8 reales = 1 peso.{{Citation needed|date=May 2025}}

==Coins==
Silver coins were issued in denominations of ¼, ½, 1, 2, 4 and 8 reales, 1, 2, 4 and 8 escudos. In 1858, a coin denominated as 5 francos was issued. This was worth 8 reales and was issued to indicate the currency's link to the French franc. Coinage production was suspended in 1862.{{Citation needed|date=May 2025}}

==Banknotes==
Private banks issued paper money denominated in reales between 1862 and 1871. For details, see [[Ecuadorian peso#Banknotes|Ecuadorian peso]].

==See also==
{{Portal|Money}}
*[[Ecuadorian peso]]
*[[Ecuadorian sucre]]
*[[Economy of Ecuador]]

==References==
{{refbegin}}
*{{numis cite SCWC|date=1991}}
*{{numis cite SCWPM|date=1990.s}}
{{refend}}

[[Category:Modern obsolete currencies]]
[[Category:Currencies of Ecuador]]
[[Category:1871 disestablishments]]
[[Category:19th century in Ecuador]]
[[Category:19th century in economic history]]
[[Category:Economic history of Ecuador]]