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Chilean peso
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Chilean peso
The peso is the currency of Chile. The current peso has circulated since 1975, with a previous version circulating between 1817 and 1960. Its symbol is defined as a letter S with either one or two vertical bars superimposed prefixing the amount, $ or 
; the single-bar symbol, available in most modern text systems, is almost always used. Both of these symbols are used by many currencies, most notably the United States dollar, and may be ambiguous without clarification, such as CLP$ or US$. The ISO 4217 code for the present peso is CLP. It was divided into 100 centavos until 31 May 1996, when the subdivision was formally eliminated (requiring payments to be made in whole pesos). In July 2024, the exchange rate was around CLP940 to US$1.
The current peso was introduced on 29 September 1975 by decree 1,123, replacing the escudo at a rate of 1 peso for 1,000 escudos. This peso was subdivided into 100 centavos until 1984.
In 1975, coins were introduced in denominations of 1, 5, 10, and 50 centavos and 1 peso. The 1, 5, and 10 centavo coins were very similar to the 10, 50, and 100 escudo coins they replaced. Since 1983, inflation has left the centavo coins obsolete. 5 and 10 peso coins were introduced in 1976, followed by 50 and 100 peso coins in 1981 and by a bi-metallic 500 peso coin in 2000. Coins currently in circulation are in denominations of 1, 5, 10, 50, 100, and 500 pesos; however, as of 2016[update] the value of the peso has depreciated enough that most retailers and others tend to use prices that are multiples of 10 pesos, ignoring smaller amounts. The 1 peso coin is rare. On 26 October 2017 the Mint stopped producing 1 and 5 peso coins, and started accepting those coins directly at the mint to exchange for larger denomination. On 1 November 2017 commercial entities began rounding off amounts for payment in cash, rounding down for amounts ending in 1 through 5 pesos, rounding up for amounts ending in 6 through 9 pesos. Electronic transactions and cheques are not affected. This change has affected various charities which had programs to accept donations at the cash register.
Shortly after the military dictatorship in Chile (1973–1990) ended, the obverse designs of the 5 and 10 peso coins were changed. Those coins had borne the image of a winged female figure wearing a classical robe and portrayed as if she had just broken a chain binding her two hands together (a length of chain could be seen hanging from each of her wrists); beside her appear the date of the coup d'état Roman numerals and the word LIBERTAD (Spanish for "liberty"). After the return of democracy, a design with the portrait of Bernardo O'Higgins was adopted.
In 2001, a newly redesigned 100-peso coin bearing the image of a Mapuche woman began to circulate. In February, 2010, it was discovered that on the 2008 series of the 50 peso coins the country name CHILE had been misspelled as CHIIE. The national mint said that it did not plan to recall the coins. Worth about US$0.09 each at the time, the faulty coins became collector's items.
In 1976, banknotes were introduced in denominations of 5, 10, 50, and 100 pesos with the reverses of the two lowest denominations resembling those of the 5000- and 10,000-escudo notes they replaced. Inflation has since led to the issue of much higher denominations. Five-hundred-peso notes were introduced in May, 1977, followed by the 1000-peso (in June, 1978), 5000-peso (June, 1981), 10,000-peso (June, 1989), 2000-peso (December, 1997), and 20,000-peso (December, 1998) notes. The 5, 10, 50, 100, and 500-peso banknotes have been replaced by coins, leaving only the 1000, 2000, 5000, 10,000, and 20,000 peso notes in circulation. Redesigned versions of the four highest denominations were issued in 2009 and 2010. The popular new 1000-peso banknote was issued on 11 May 2011.
Since September 2004, the 2000-peso note has been issued only as a polymer banknote; the 5000-peso note began emission in polymer in September 2009; and the 1000-peso note was switched to polymer in May, 2011. This was the first time in Chilean history that a new family of banknotes was put into circulation for other cause than the effects of inflation. As of January 2012[update], only the 10,000 and 20,000 peso notes are still printed on cotton paper. All new notes have the same 70 mm (2.8 in) height, while their length varies in 7 mm (0.28 in) steps according to their face values: the shortest is the 1000-peso note and the longest is the 20,000-pesos. The new notes are substantially more difficult to falsify because of new security measures.
The design and production of the whole new family of banknotes was assigned to the Australian company Note Printing Australia Ltd for the 1000, 2000 and 5000 peso notes, and the Swedish company Crane AB for the 10,000 and 20,000 peso notes.
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Chilean peso AI simulator
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Chilean peso
The peso is the currency of Chile. The current peso has circulated since 1975, with a previous version circulating between 1817 and 1960. Its symbol is defined as a letter S with either one or two vertical bars superimposed prefixing the amount, $ or ; the single-bar symbol, available in most modern text systems, is almost always used. Both of these symbols are used by many currencies, most notably the United States dollar, and may be ambiguous without clarification, such as CLP$ or US$. The ISO 4217 code for the present peso is CLP. It was divided into 100 centavos until 31 May 1996, when the subdivision was formally eliminated (requiring payments to be made in whole pesos). In July 2024, the exchange rate was around CLP940 to US$1.
The current peso was introduced on 29 September 1975 by decree 1,123, replacing the escudo at a rate of 1 peso for 1,000 escudos. This peso was subdivided into 100 centavos until 1984.
In 1975, coins were introduced in denominations of 1, 5, 10, and 50 centavos and 1 peso. The 1, 5, and 10 centavo coins were very similar to the 10, 50, and 100 escudo coins they replaced. Since 1983, inflation has left the centavo coins obsolete. 5 and 10 peso coins were introduced in 1976, followed by 50 and 100 peso coins in 1981 and by a bi-metallic 500 peso coin in 2000. Coins currently in circulation are in denominations of 1, 5, 10, 50, 100, and 500 pesos; however, as of 2016[update] the value of the peso has depreciated enough that most retailers and others tend to use prices that are multiples of 10 pesos, ignoring smaller amounts. The 1 peso coin is rare. On 26 October 2017 the Mint stopped producing 1 and 5 peso coins, and started accepting those coins directly at the mint to exchange for larger denomination. On 1 November 2017 commercial entities began rounding off amounts for payment in cash, rounding down for amounts ending in 1 through 5 pesos, rounding up for amounts ending in 6 through 9 pesos. Electronic transactions and cheques are not affected. This change has affected various charities which had programs to accept donations at the cash register.
Shortly after the military dictatorship in Chile (1973–1990) ended, the obverse designs of the 5 and 10 peso coins were changed. Those coins had borne the image of a winged female figure wearing a classical robe and portrayed as if she had just broken a chain binding her two hands together (a length of chain could be seen hanging from each of her wrists); beside her appear the date of the coup d'état Roman numerals and the word LIBERTAD (Spanish for "liberty"). After the return of democracy, a design with the portrait of Bernardo O'Higgins was adopted.
In 2001, a newly redesigned 100-peso coin bearing the image of a Mapuche woman began to circulate. In February, 2010, it was discovered that on the 2008 series of the 50 peso coins the country name CHILE had been misspelled as CHIIE. The national mint said that it did not plan to recall the coins. Worth about US$0.09 each at the time, the faulty coins became collector's items.
In 1976, banknotes were introduced in denominations of 5, 10, 50, and 100 pesos with the reverses of the two lowest denominations resembling those of the 5000- and 10,000-escudo notes they replaced. Inflation has since led to the issue of much higher denominations. Five-hundred-peso notes were introduced in May, 1977, followed by the 1000-peso (in June, 1978), 5000-peso (June, 1981), 10,000-peso (June, 1989), 2000-peso (December, 1997), and 20,000-peso (December, 1998) notes. The 5, 10, 50, 100, and 500-peso banknotes have been replaced by coins, leaving only the 1000, 2000, 5000, 10,000, and 20,000 peso notes in circulation. Redesigned versions of the four highest denominations were issued in 2009 and 2010. The popular new 1000-peso banknote was issued on 11 May 2011.
Since September 2004, the 2000-peso note has been issued only as a polymer banknote; the 5000-peso note began emission in polymer in September 2009; and the 1000-peso note was switched to polymer in May, 2011. This was the first time in Chilean history that a new family of banknotes was put into circulation for other cause than the effects of inflation. As of January 2012[update], only the 10,000 and 20,000 peso notes are still printed on cotton paper. All new notes have the same 70 mm (2.8 in) height, while their length varies in 7 mm (0.28 in) steps according to their face values: the shortest is the 1000-peso note and the longest is the 20,000-pesos. The new notes are substantially more difficult to falsify because of new security measures.
The design and production of the whole new family of banknotes was assigned to the Australian company Note Printing Australia Ltd for the 1000, 2000 and 5000 peso notes, and the Swedish company Crane AB for the 10,000 and 20,000 peso notes.