Catalog
50 Escudos
| Issuer | Banco Central de Chile |
|---|---|
| Year | 1962-1975 |
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| Composition | Log in to see details |
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| Reference(s) | P#140 |
| Obverse description | Intaglio-printed in dark green and olive-brown on a multicolour underprint, the obverse is centred on an engraved portrait of Arturo Fortunato Alessandri Palma (1868–1950), 17th and 21st President of Chile. Elaborate guilloche borders frame the composition on all sides, with the issuer name, denomination in words and figures, and the printer's imprint distributed across the face. |
|---|---|
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| Variants | P#140a(1) - series A-D signatures: Luis Mackenna Shiell & Francisco Ibañez Barceló P#140a(2) - series A-D signatures: Sergio Molina Silva & Francisco Ibañez Barceló P#140a(3) - series A-D signatures: Carlos Massad Abud & Francisco Ibañez Barceló P#140b(1) - series E-F signatures: Alfonso Inostroza Cuevas & Jaime Barrios Meza P#140b(2) - series E-F signatures: Eduardo Cano Quijada & Carlos Molina Orrego |
| Comments |
The escudo replaced the peso in 1960 at a rate of 1,000 to one — itself a measure of how badly Chilean inflation had eroded the old currency. By the time this note's series ended in 1975, the escudo was in even worse shape, and it would be replaced in turn by the nuevo peso, again at 1,000 to one, closing a particularly brutal decade and a half for Chilean monetary stability.
The shift from series D to series E-F brought new signatories under Salvador Allende's government, with Alfonso Inostroza serving as Superintendent of Banks during the nationalization period. The note outlasted Allende's overthrow in September 1973, remaining in circulation under the military junta until the escudo's final abolition in 1975.