Chilean escudo

Chilean escudo
escudo chileno (Spanish)
ISO 4217 code	CLE
User(s)	Chile
Subunit
1/100	centésimo
Symbol	Eº
Coins	10, 50, 100 escudos
Banknotes	500, 1000, 5000, 10 000 Escudos
Central bank	Banco Central de Chile
Website	www.bcentral.cl
Mint	Casa de Moneda
Website	www.cmoneda.cl
This infobox shows the latest status before this currency was rendered obsolete.

The escudo was the currency of Chile between 1960 and 1975, divided into 100 centésimos. 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 Eº was used for the escudo.

Note also that Chile issued gold escudos, worth 16 reales or 2 pesos until 1851.

Coins

In 1960, aluminium 1 centésimo and aluminium-bronze 2, 5 and 10 centésimo coins were introduced, followed by aluminium ½ centésimo in 1962. In 1971, a new coinage was introduced, consisting of aluminium-bronze 10, 20 and 50 centésimos 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.

Banknotes

In 1959, provisional banknotes were produced by the Banco Central de Chile. These were modified versions of the old peso notes, with the centésimo or escudo denomination added to the design. Denominations were ½, 1, 5, 10 and 50 centésimos, 1, 5, 10 and 50 escudos. Regular-type notes were introduced in 1962 in denominations of ½, 1, 5, 10, 50 and 100 escudos. In 1971, 500 escudo notes were introduced, followed by 1000 escudos and 5000 escudos in 1973 (depicting José Miguel Carrera) and 10,000 escudos in 1974 (depicting an unusual portrait of Bernardo O'Higgins).

References

• Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed. ed.). Krause Publications. ISBN 0873411501. 
• Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9. 

External links

• Information on Exchange Rates of The Americas

Preceded by: (Old) Chilean peso Ratio: 1 escudo = 1000 pesos

Currency of Chile January 1, 1960 – 1975

Succeeded by: (New) Chilean peso Ratio: 1 peso = 1000 escudos