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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.
The Central Bank of Chile in Santiago serves as the central bank for the country. The Chilean currency is the Chilean peso (CLP). Chile is one of South America's most stable and prosperous nations, [19] leading Latin American nations in human development, competitiveness, globalization, economic freedom, and low perception of corruption. [20]
The Chilean peso (symbol: $) was the legal tender of Chile from 1817 until 1960, when it was replaced by the escudo, a currency that was itself replaced in 1975 by a new peso. [ 1 ] It was established in 1817, together with the country's independence, and in 1851 the decimal system was established in the peso, which was made up of 100 centavos.
The Unidad de Fomento (UF) is a unit of account used in Chile.It is a non-circulating currency; [1] the exchange rate between the UF and the Chilean peso is constantly adjusted for inflation so that the purchasing power of the Unidad de Fomento remains almost constant on a daily basis during low inflation.
The economy of Chile operates as a market economy and is classified as a high-income economy by the World Bank. [28] It is recognized as one of the most prosperous countries in South America, [29] leading the region in areas such as competitiveness, income per capita, globalization, economic freedom, and low levels of perceived corruption. [30]
The conquest of Chile was not carried out directly by the Spanish Crown but by Spaniards that formed enterprises for those purposes and gathered financial resources and soldiers for the enterprise by their own. [19] In 1541 an expedition (enterprise) led by Pedro de Valdivia founded Santiago initiating the conquest of
An elderly Nevada man looking for love was allegedly drugged and pushed across the US border into Mexico in a wheelchair by a “sinister” scammer before being found dead in a Mexico City hotel ...
The Santiago Stock Exchange (SSE) (Spanish: Bolsa de Comercio de Santiago), founded on November 27, 1893, is Chile's dominant stock exchange, and the third largest stock exchange in Latin America, behind Brazil's BM&F Bovespa, and the Bolsa Mexicana de Valores in Mexico.