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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 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. Minting of centavo coins stopped in 1979 ...
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".
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.
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
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. It was created on 20 January 1967 ...
International dollar – hypothetical currency pegged 1:1 to the United States dollar; Jamaican dollar – Jamaica; ... Chile, Colombia, Costa Rica, Cuba, ...
Shaw, W.A. (1967) [1896], The history of currency 1252 to 1894: being an account of the gold and silver moneys and monetary standards of Europe and America, together with an examination of the effects of currency and exchange phenomena on commercial and national progress and well-being, New York: G.P. Putnam's Sons, reprinted by Augustus M ...