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Monday, 10 February 2025

Chilean peso

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,$ or ; the single-bar symbol, available in most modern text systems, is almost always used. Both of these symbols are used by many currencies, most notably the US dollar, and may be ambiguous without clarification such as CLP$ or US$. The ISO 4217 code for the present peso is CLP. It is officially subdivided into 100 centavos, although there are no current centavo-denominated coins. The exchange rate was around CLP$600 to 1 U.S. dollar at the end of 2014; by August 2015 it fell to 694 per 1 US dollar.

First peso, 1817–1960

The first Chilean peso was introduced in 1817, at a value of 8 Spanish colonial reales. Until 1851, the peso was subdivided into 8 reales, with the escudo worth 2 pesos. In 1835, copper coins denominated in centavos were introduced but it was not until 1851 that the real and escudo denominations ceased to be issued and further issues in centavos and décimos (worth 10 centavos) commenced. Also in 1851, the peso was set equal 5 French francs on the sild, 22.5 grams pure silver. However, gold coins were issued to a different standard to that of France, with 1 peso = 1.37 grams gold (5 francs equalled 1.45 grams gold). In 1885, a gold standard was adopted, pegging the peso to the British pound at a rate of 13⅓ pesos = 1 pound (1 peso = 1 shilling 6 pence). This was reduced in 1926 to 40 pesos = 1 pound (1 peso = 6 pence). From 1925, coins and banknotes were issued denominated in cóndores, worth 10 pesos. The gold standard was suspended in 1932 and the peso's value fell further. The escudo replaced the peso on 1 January 1960 at a rate 1 escudo = 1000 pesos.

This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Chilean_peso

Latest News for: clp

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Hindustan Times 03 Dec 2024

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Indian Express 01 Dec 2024

... may not be appointed as the CLP leader\u201d.

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Hindustan Times 28 Nov 2024

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Latest News for: clp

Telangana CLP Meeting Underway To Discuss Local Body Polls

Notice of Sales of Unregistered Securities (Form D) (CLP Investments LLC)

CLP Power and CityUHK co-organise international conference to explore role of nuclear energy in decarbonisation (City University of Hong Kong)

CLP Power and City University of Hong Kong Co-Organise International Conference to Explore Role of Nuclear Energy in Decarbonisation (City University of Hong Kong)

ECONO STERILE medical procedure kits labeled as: 1)ECONO STERILE BACKHAUS TWL CLP STER 3.5 CS50, Model Number 96 2630; 2) ECONO STERILE BACKHAUS TWL CLP STER 5.25 25, Model Number 96 2636; general (Amazoncom Inc)

Change The Way You Think About Gripping A Pistol, Part 1: The CLP Method

Siddaramaiah-Shivakumar Power Tussle Likely To Overshadow CLP Meet

Hong Kong Utility CLP Hires Ex-Natixis Banker Tse to Lead M&A

Best Argirline serums for smoother, more youthful-looking skin

CLP launches longevity fund to drive innovation in healthspan, lifespan

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EU Revises CLP Regulation on Substances and Mixtures (SGS SA)

Committed to fulfil every promise made to public: Himachal CM Sukhvinder Sukhu after CLP meet

After poll loss, delay in CLP leader announcement, Bhupinder Singh Hooda now asked to vacate official Chandigarh bungalow

Cong MLAs authorise Kharge to choose new CLP leader

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