Chilean peso
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| ISO 4217 Code | CLP |
| User(s) | Chile |
| Inflation | 3.1% |
| Source | The World Factbook, 2005 est. |
| Subunit | |
| 1/100 | centavo |
| Symbol | $ |
| Coins | 1, 5, 10, 50, 100, 500 pesos |
| Banknotes | 1000, 2000, 5000, 10000, 20000 pesos |
| Central bank | Banco Central de Chile |
| Website | www.bcentral.cl |
| Mint | Casa de Moneda |
| Website | www.cmoneda.cl |
The peso is the currency of Chile. The symbol used locally for it is $. Its ISO 4217 code is "CLP".
Contents |
[edit] First Peso, 1817-1960
The first Chilean peso was introduced in 1817, at a value of 8 Spanish colonial reales. Until 1851, it circulated alongside silver coins denominated in reales and gold coins denominated in escudos (worth 2 pesos).
In 1835, copper coins of denominations ½ and 1 centavo were introduced but it was not until 1851 that the real and escudo denominations ceased to be issued and further issues in centavos and décimos (worth 10 centavos) commenced. From 1925, coins and banknotes were issued denominated in cóndores, worth 10 pesos.
The escudo replaced the peso on January 1, 1960 at a rate 1 escudo = 1000 peso.
[edit] Second Peso, 1975-
The current peso was introduced in 1975, replacing the escudo at a rate of 1 peso = 1000 escudos. It was subdivided into 100 centavos until 1984.
[edit] Coins
In 1975, coins were introduced in denominations of 1, 5, 10 and 50 centavos and 1 escudo. The 1, 5 and 10 centavo coins were very similar to the 10, 50 and 100 escudo coins they replaced. Since 1975, inflation has left the centavo coins obsolete. Coins currently in use are in denominations of 1, 5, 10, 50, 100 and 500 pesos.
[edit] Banknotes
In 1975, banknotes were introduced in denominations of 5, 10 and 50 pesos with the reverses of the 5 and 10 peso notes resembling those of the 5000 and 10,000 escudo notes they replaced. Inflation has since lead to the issue of much higher denominations. Banknotes currently in use are 500 (although these are no longer printed), 1000, 2000, 5000, 10,000 and 20,000 pesos. All banknotes are printed on paper with the exception of the 2000 peso note which has been issued as a polymer banknote since September 2004.
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| Preceded by: Spanish colonial real Ratio: 8 reales = 1 peso | Currency of Chile 1835 – December 31, 1959 | Succeeded by: Chilean escudo Ratio: 1 escudo = 1000 pesos |
| Preceded by: Chilean escudo Ratio: 1 peso = 1000 escudos | Currency of Chile 1975 – | Succeeded by: Current |
| Pesos | |
|---|---|
| Current | Argentine peso | Chilean peso | Colombian peso | Cuban peso | Cuban convertible peso | Dominican peso | Mexican peso | Philippine peso | Uruguayan peso |
| Defunct | Argentine peso moneda nacional | Argentine peso ley | Argentine peso argentino | Bolivian peso | Costa Rican peso | Ecuadorian peso | El Salvadoran peso | Guatemalan peso | Guinea Bissau peso | Honduran peso | Nicaraguan peso | Paraguayan peso | Puerto Rican peso | Spanish peso | Venezuelan peso |
de:Chilenischer Peso es:Peso chileno fr:Peso chilien it:Peso cileno nl:Chileense peso pl:Peso chilijskie pt:Peso chileno sl:Čilenski peso sv:Chilensk peso
