500 Pesos

This denomination ran across an unusually long span for a single Chilean paper series — from the late Pinochet years through two post-transition civilian governments and into the 1990s economic stabilization period. The signature progressions track that political arc precisely: Bardón Muñoz served as Central Bank president under the military regime, while Bianchi Larre's tenure marked the bank's formal operational independence, codified in the 1989 Organic Constitutional Law that restructured the institution before Pinochet left office.

Casa de Moneda de Chile printed the entire run domestically. The watermark remains the sole listed security feature — modest protection for a note that was still in circulation well after counterfeiting technology had advanced considerably.