Due to the failure of Stockholm Banco, the new bank was managed under the direct control of the Riksdag of the Estates to prevent the interference from the king.

The Association of Southeast Asian Nations (ASEAN), together with China, Japan, and South Korea, established the Chiang Mai Initiative in 2000, and Latin American countries launched negotiations on the Banco del Sur in 2006.

Paper money was first issued in 1859 by the Banco de Circulación y Descuento de Manuel Antonio de Luzarraga in Guayaquil, with banknote denominations of 1, 4, 5, 10, and 20 pesos.