Catalog
5 Escudos
| Issuer | Banco Central de Chile |
|---|---|
| Year | 1962 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | P#137 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DE CHILE CINCO ESCUDOS CASA DE MONEDA DE CHILE (Translation: Central Bank of Chile Five Escudos Chile Mint) |
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| Protection type | Watermark |
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| Variants | Log in to see details |
| Comments |
Chile's escudo replaced the peso in 1960 at a rate of 1,000 to 1, a devaluation acknowledgment that had been politically delayed for years. The Casa de Moneda de Chile handled production entirely in-house, which was not unusual for Chilean currency by this period — the mint had been printing paper money domestically since the 1920s rather than contracting European firms as many neighboring republics continued to do.
The P#137 series circulated through a period of mounting inflation that would ultimately consume the escudo itself within a decade; by 1975 the peso had been reintroduced, again at a 1,000-to-1 ratio.