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1 Escudo
| Issuer | Banco Central de Chile |
|---|---|
| Year | 1962-1973 |
| Type | Log in to see details |
| Value | 1 Escudo |
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| Composition | Log in to see details |
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| Obverse description | Central oval vignette carries an intaglio portrait of naval hero Arturo Prat, rendered after a drawing by Luis Fernando Rojas. The issuer name appears along the top border, while the face value is expressed in numerals at all four corners and in letterpress text along the bottom and both lateral margins, the latter pair rotated 90°. Watermark zones flank the central vignette on both sides. |
|---|---|
| Obverse lettering | BANCO CENTRAL DE CHILE ARTURO PRAT UN ESCUDO CASA DE MONEDA DE CHILE (Translation: Central Bank of Chile Arturo Prat One Escudo Chile Mint) |
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| Comments |
Chile's escudo replaced the peso at a rate of 1,000 to 1 in 1960, a redenomination driven by chronic inflation that had made the old currency nearly unworkable in daily transactions. This note was printed domestically by the Casa de Moneda de Chile throughout the escudo's entire lifespan — an unusually long run for a lowest denomination, reflecting how quickly inflation eroded purchasing power and kept even 1-escudo notes in active circulation.
Series C–F examples lack the watermark at right present in later printings. The Mackenna Shiell and Ibañez Barceló signature combination places these issues within the early-to-mid period of the run, before the Allende government's monetary pressures accelerated the series further.