About the Chilean Peso
The current Chilean Peso was introduced in 1975, replacing the Escudo which had been devalued by hyperinflation. This was part of the economic reforms under the military government of Augusto Pinochet.
The name 'Peso' means 'weight' in Spanish, a reference to the historical Spanish silver dollar.
Interesting Facts
Copper is King
The value of the Chilean Peso is heavily influenced by the price of copper, as Chile is the world's largest producer of the metal.
Polymer and Paper Notes
Chilean banknotes are a mix of traditional paper and modern polymer. The lower denominations are polymer for durability, while the higher ones are paper.
Heroes and Landscapes
The banknotes feature portraits of Chilean national heroes on the front and showcase the country's diverse and beautiful landscapes on the back.
Historical Timeline
The first Chilean Peso is introduced after independence.
The Escudo replaces the Peso.
The second and current Peso replaces the Escudo.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- CLP
- Symbol
- $
- Numeric Code
- 152
- Subunit
- Centavo (1/100)
- Introduced
- 1975-09-29
Central Bank
- Name
- Central Bank of Chile
- Headquarters
- Santiago, Chile
- Founded
- 1925
- Current Governor
- Rosanna Costa (since 2022)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 3.2%
- Interest Rate
- 5.75%
Exchange Rates
What Affects the CLP Exchange Rate?
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