5 Pesos 1/2 Condor - 'Casa de Moneda'

By the late 1950s, Chile's inflation was severe enough that the 5 Peso note had become nearly useless in daily transactions — the denomination was effectively dead money, retained in circulation largely through institutional inertia before the 1960 monetary reform replaced the peso with the escudo at a rate of 1,000 to one. Notes from this period were printed domestically by Casa de Moneda de Chile, the state mint, which had taken over banknote production as a cost-cutting measure during earlier decades of currency pressure.

The P#119 series is among the last 5 Peso issues before the escudo conversion rendered the denomination obsolete.