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10 000 Pesos 1000 Condores

Issuer Banco Central de Chile
Year 1947-1959
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Size 180 × 85 mm
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Obverse lettering CONVERTIBLES EN ORO, CONFORME A LA LEY BANCO CENTRAL DE CHILE DIEZ MIL PESOS MIL CONDORES TALLERES DE ESPECIES VALORADAS - SANTIAGO - CHILE
(Translation: Convertible to gold under the law Central Bank of Chile Ten Thousand pesos One Thousand condores)
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Protection type Watermark
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Comments

The denomination itself tells the story of Chile's mid-century inflation. The dual labeling — 10,000 Pesos and 1,000 Cóndores — reflects the coexistence of two accounting systems: the peso, in use since the colonial period, and the Cóndor, introduced in 1925 at a rate of 10 pesos to the Cóndor. By the time this note was issued, neither unit meant much in practical terms.

Printed domestically by the Talleres de Especies Valoradas rather than contracted abroad — unusual for high-value notes of this period in the region. The long print run spanning over a decade is consistent with chronic inflationary pressure that would eventually force Chile's 1960 monetary reform, replacing 1,000 old pesos with a single new Escudo.

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