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10 000 Pesos Plain security thread

Issuer Banco Central de Chile
Year 1989-1994
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Currency New peso (1975-date)
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Obverse description Dark blue and dark olive-green on multicolor underprint, with a portrait vignette of Arturo Prat positioned at center right. A plain security thread is embedded at center right. The face value and issuing authority are rendered in intaglio lettering against the guilloche underprint.
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Reverse description Printed in red-brown and blue, the reverse carries a vignette of the Hacienda San Agustín de Puñual (Ninhue), birthplace of Arturo Prat Chacón, at left center, with a statue of Liberty at left. The denomination and institutional name appear in intaglio lettering across the design.
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Chile's Casa de Moneda produced this series domestically at a time when the country was transitioning out of Pinochet-era economic controls — the Banco Central had only regained genuine operational independence under the 1989 Organic Constitutional Law, passed in the final months of the military government specifically to insulate monetary policy from political interference. That institutional restructuring is the direct reason the issuing authority on notes from this period looks different on paper than it functioned in practice.

The "plain" security thread designation distinguishes this from later issues in the same denomination series where the embedded thread carried microtext. Both variants circulated concurrently for a period, which creates attribution problems when the thread is obscured by folds or soiling.