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Economic history of Chile
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The escudo was the currency of Chile between 1960 and 1975, divided into 100 centesimos. It replaced the (old) peso at a rate of 1 escudo = 1000 pesos and was itself replaced by a new peso, at a rate of 1 peso = 1000 escudos. The symbol E was used for the escudo.
Note also that Chile issued gold escudos, worth 16 reales or 2 pesos until 1851.
In 1960, aluminium 1 centesimo and aluminium-bronze 2, 5 and 10 centesimo coins were introduced, followed by aluminium centesimo in 1962. In 1971, a new coinage was introduced, consisting of aluminium-bronze 10, 20 and 50 centesimos and cupro-nickel 1, 2 and 5 escudos. This coinage was issued for two years, with aluminium 5 escudos produced in 1972. In 1974 and 1975, aluminium 10 escudos and nickel-brass 50 and 100 escudos were issued.
In 1960, provisional banknotes were produced by the Banco Central de Chile. These were modified versions of the old peso notes, with the centesimo or escudo denomination added to the design. Denominations were , 1, 5, 10 and 50 centesimos, 1, 5, 10 and 50 escudos. Regular-type notes were introduced in 1962 in denominations of , 1, 5, 10, 50 and 100 escudos. In 1967, 500 escudo notes were introduced, followed by 1000 escudos in 1971, 5000 escudos in 1973, 10,000 escudos in 1974 and 50,000 escudos in 1975.
Information on Exchange Rates of The Americas
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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Chilean escudo