50 Escudos

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.