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Republic of Chile currency type

The Republic of Chile or Chile is a country located in the South American continent, and the city of Santiago is its capital, and it shares borders on the western and southern sides with the Pacific Ocean, while on the eastern side it is bordered by Argentina and Bolivia, and it shares northern borders with Peru, and the area of ​​Chile reaches approximately 756,102 Km², and Spanish is considered its national language, and both English and German are used in it.


Republic of Chile currency type:

Where the currency of the Republic of Chile is defined as the Chilean peso and abbreviated for (CLP), and each one divides one peso into 100 centavos, and the notes and coins are issued through the Chilean central bank, and in the following information on both the coin and paper currencies:


 Coins:

As the issuance of coins in Chile depends on the law of the Central Bank that issues an order to mint coins, and to regulate the supply of money based on the needs and requirements of the financial market; The central bank is the only one responsible for issuing money in the country, and the peso in Chile is denoted by the symbol $, and coins were adopted in 1975 AD, and were distributed into the following cash categories: $ 1, $ 5, $ 10, $ 50, $ 100, $ 500 .



 Banknotes:

As the Central Bank of Chile was interested in issuing fiat currencies; In order to maintain the stability of the monetary sector and the distribution of financial wealth in the country, and to ensure the follow-up of the processes of external and domestic payments, and to stabilize the inflation rate at the lowest possible rate, the central bank was keen to issue a set of currencies that contain images of historical figures with influence in Chile, including Fiat currencies in the following denominations: 1000 pesos, 2000 pesos, 5000 pesos, 10,000 pesos, and 20000 pesos.


History of coins and banknotes in Chile:

In the Republic of Chile, the use of coins and banknotes passes through certain historical stages, and the following information about them:

 History of coins:

During Spain's colonization of Chile in the sixteenth century AD, there was no official currency for the state, and this led to obstruction of commercial operations in it; As Chile could not mint coins, and in 1732 AD, the King of Spain, Philip V, was asked to approve the minting of coins in the Chilean capital, Santiago, and in 1741 AD a decree was issued by the King of Spain to approve the minting of coins in Chile, and the first coin was minted in 1749 and it was called It is called half an ounce of gold, and on one side appears the image of the King of Spain, Ferdinand VI, and on the other side shows the image of a Spanish shield, and after Chile obtained its independence from Spain, it was able to mint its national currency using silver. To gain independence, and in 1834 AD a coin was issued engraved with the national emblem of the Republic of Chile, and the establishment of the Central Bank of Chile later contributed to its adoption as a body and institution responsible for tracking funds and the official currency.


History of fiat currencies:

As bank notes appeared in Chile depending on the existence of a law on banking and commerce, and in late 1898 AD the government provided support for paper money, and relied on printing banknotes using the American New York Bank, and in 1914 AD the Chilean government relied on printing banknotes independently and independently. The establishment of the Central Bank became responsible for the production of the peso, and in 2009 a new edition of Chilean banknotes was issued, and it contained a group of pictures of historical figures on one side, and the other side contained pictures of various landscapes expressing life in Chile.

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