500 Pesos 50 Condores

The 500 Pesos / 50 Cóndores dual denomination reflects a specific transitional moment in Chilean monetary history: the 1925 banking reform under Arturo Alessandri introduced the Cóndor as a parallel unit valued at 10 Pesos, and notes of this period carried both expressions simultaneously to ease public transition. The Banco Central itself was only established in 1926, making this 1929 issue among the earliest productions of the new institution.

Printed domestically by the Talleres de Especies Valoradas — Chile's own security printing works — rather than contracted abroad to Bradbury Wilkinson or American Bank Note Company as earlier Chilean issues had been. That self-sufficiency was a deliberate policy choice.