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Chile 20000 Pesos
$12.00
Description
The peso is the currency of Chile. The current peso has circulated since 1975, with a previous version circulating between 1817 and 1960. The symbol used locally for it is $. The ISO 4217 code for the present peso is CLP. It is subdivided into 100 centavos, although no centavo denominated coins remain in circulation. The average exchange rate of the Chilean Peso to the U.S Dollar was 1 U.S. Dollar to 559.7 Chilean Pesos in 2009. The first Chilean peso was introduced in 1817, at a value of 8 Spanish colonial reales. Until 1851, the peso was subdivided into 8 reales, with the escudo worth 2 pesos. In 1835, copper coins denominated in centavos were introduced but it was not until 1851 that the real and escudo denominations ceased to be issued and further issues in centavos and decimos (worth 10 centavos) commenced. From 1925, coins and banknotes were issued denominated in condores, worth 10 pesos. The gold standard was suspended in 1932 and the peso’s value fell further. The escudo replaced the peso on January 1, 1960 at a rate 1 escudo = 1000 pesos. The Banco Central de Chile started issuing these 20000 Chilean Peso banknotes in 1998. They were withdrawn from circulation in 2008. The old style 20,000 or 20 Mil Pesos banknote from Chile has a portrait of the Venezuelan writer and diplomat Andrés Bello.
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