Chilean peso

Chilean peso
Peso (Spanish)
ISO 4217
CodeCLP (numeric: 152)
Unit
Symbol$
Denominations
Banknotes1,000, 2,000, 5,000, 10,000, 20,000 pesos
Coins10, 50, 100, 500 pesos
Demographics
Date of introduction29 September 1975
ReplacedChilean escudo
User(s) Chile
Issuance
Central bankBanco Central de Chile
 Websitewww.bcentral.cl
MintCasa de Moneda
 Websitewww.casamoneda.cl
Valuation
Inflation4.4%
 Source2024 ([1])
ValueExchange Rate
1 USD = 940 CLP ([2])

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,[1] $ 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.[2]

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.

  1. ^ "Ley Chile Móvil". Leychile.cl (in Spanish). Retrieved 23 December 2015. "Su símbolo será la letra S sobrepuesta con una o dos líneas verticales y se antepondrá a su expresión numérica."
  2. ^ "Base de Datos Estadísticos (BDE)".