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1 Escudo Overprint on 1000 Pesos P#116

Issuer Banco Central de Chile
Year 1960-1961
Type Standard circulation banknote
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Obverse description Dark brown intaglio print on light ground. Central oval vignette bears a bust portrait of Admiral Manuel Blanco Encalada in military uniform, set within an elaborate guilloche surround with scrollwork cartouche. Denomination numerals '1000' appear at each corner, with 'MIL PESOS' vertically along both side margins; series and serial number printed twice across the note field, with two manuscript signatures below — 'PRESIDENTE' at lower left and 'GERENTE GENERAL' at lower right.
Obverse lettering BANCO CENTRAL DE CHILE MIL PESOS CIEN CONDORES CONVERTIBLES EN ORO CONFORME A LA LEY TALLERES DE ESPECIES VALORADAS - SANTIAGO - CHILE
(Translation: Central Bank of Chile One Thousand Pesos One Hundred Condores Convertible in Gold in Accordance with the Law Valued Species Workshops - Santiago - Chile)
Reverse description Brown intaglio print. Central vignette reproduces the painting 'Founding of Santiago de Chile', set within a decorative border with guilloche patterning. A red overprint applied to the face of the underlying P#116 note carries the new denomination '1 ESCUDO' in bold letterpress, replacing the original 1000 Pesos value for circulation during the monetary reform.
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