20 Pesos 2 Condores

Chile's dual-denomination system — where 20 Pesos equated to 2 Condores — reflected the Condor's status as a unit of account pegged to gold, a holdover from the 1925 monetary reform that created the Banco Central itself. By the late 1930s the gold peg was effectively dead, but the parallel nomenclature persisted on notes through inertia, finally disappearing with the 1960 Escudo conversion.

Printed domestically by the Talleres de Especies Valoradas rather than contracted abroad, which was the norm for Chile during this period. The eight-year signature span — from Mora Miranda and Meyerholz in late 1939 to Trucco Franzani and Maschke Tornero in 1947 — means date attribution matters for this type.