Portrait of president Isidro Ayora.

1927 is the year of creation of the Central Bank of Ecuador. 1997 is the year of the coin issue.

Isidro Ramon Antonio Ayora Cueva (1879 - 1978) was an Ecuadorian political figure. He served as the president of Ecuador from 1926 to 1931. Isidro Ayora, a town in Guayas, and Puerto Ayora, are named after him. Some people name coins ayora because they were introduced by him.

On March 12, 1927, the President Isidro Ayora enacted the Organic Law of Central Bank of Ecuador (Official Register No. 283). The preparation of the functioning of the new institution was in charge of an Organizing Committee, appointed by himself Ayora. On 3 June 1927, Ecuador approved the statutes; they negotiated between the two agencies, and overcame difficulties between the Central Fund Release and the new institution finally on August 10, 1927 the Central Bank of Ecuador opened its doors.

Denomination in digits, denomination in words (twice).