Quito Numismatic Museum offers to all visitors the history of the several forms of trade and commercial exchange that existed in Ecuador.
The museum is Located next to the Church La compañía. This building dates from the early twenty century and here was located the Central Bank of Ecuador (BCE) Banco Central del Ecuador during its first years.
Over time, the institution moved and in this building was placed the library and the Central Bank Museum, a large phonetic material in the Musicoteca, and also a Viodeoteca with audiovisual and documentary material. When Ecuador changed its monetary system, the need to create the Numismatic Museum (2001) started. On the other hand, the aforementioned museum moved to the present Casa de la Cultura Ecuatorina, while the library, Videoteca and Musicoteca moved to the building of División Cultural del BCE wich is located in Reina Victoria N21-35 and George Washington Streets, in La Mariscal neighborhood.
The Numismatic Museum of Quito begins its exhibit putting on show the ancestral forms of commercial exchange that the various cultures that inhabited the present territory of Ecuador had. Then come the arrival of the Spanish and this would entail the establishment of a Spanish system as standard trade interchange throughout the American area invaded by the Spanish.
This system was based on the exchange of possessions by a certain amount of weight of precious metal, that’s how in most Latin American countries was used the term "weight" as a monetary measure. As a result was formed in Quito the "Casa de Fundición y Rescate" at the beginning of colonization, where all precious found metals were melted.
After Independence we begin to adopt a new monetary system:”el peso ecuatoriano”. This coin was in effect only from 1833 to 1884, year in wich, with the new Constitution, was created the Sucre.
The Sucre would be the official currency of the nascent Republic of Ecuador. It was named Sucre in honor to the Independence hero: Antonio Jose de Sucre. The standardization of the issuance of this currency would begin with the creation of the Banco Central del Ecuador in 1927. Since then, Sucre suffered a gradual devaluation, as a result of the economic policies of different governments and the international context. Therefore, political and economic measures devalued the Sucre, especially since the late twentieth century.
This led to the worst economic crisis that Ecuador has suffered. In 1999 dollarization was announced, it means, changing the official currency to the U.S. dollar. This drastic change became effective on January 9th , 2000.
Numismatic Museum presents this story thoroughly and graphically, displaying the different kinds of coins and antiquities. The museum has five showrooms: introductory, colonial, the Republic, the Central Bank room and the mobile diorama showcasing a scale representation of a Casa de Moneda Colonial, detailing the processes of casting, coining, rolling, etc. Moreover, there can be seen the machinery used at different times for the production of coins and notes.
Quito Numismatic Museum is located at the corner of Garcia Moreno and Sucre streets, in the historic center of Quito.
Open from Tuesday to Friday from 9h00 to 17h00, Saturdays, Sundays and holidays from 10h00 to 16h00.
For the national public entry to museums is free, you only needs to show the identity card.
The entrance fee for foreigners is $ 1.00