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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 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.
A currency is a kind of money and medium of exchange.Currency includes paper, cotton, or polymer banknotes and metal coins.States generally have a monopoly on the issuing of currency, although some states share currencies with other states.
A currency [a] is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. [1] [2] A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. [3]
The latter currency was Chile's national currency from 1960 to 1975. The centavo had an equivalent value to the American Penny , but due to rampant inflation in the late 1970s, which reached as high as 211% in 1976, [ 2 ] the centavo became obsolete, alongside the lower denominations of the Chilean peso.
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] Since July 2013, Chile is considered by the World Bank as a "high-income economy".
CLP Regulation on classification, labelling and packaging of chemicals, EU; Chilean peso, the currency of Chile by ISO 4217 code; Cleft lip and palate; Cloppenburg (district), Germany; Copa de la Liga Profesional, an Argentine football competition
An airline ticket showing the price with ISO 4217 code "EUR" (bottom left) and not with euro currency sign " € "ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual currencies and their minor units.