500 Pesos 50 Condores

Chile's dual-denomination system — where Condores and Pesos coexisted as parallel expressions of value — was a relic of the 1925 monetary reform that created the Condor as a unit equal to ten Pesos. By 1945, inflation had long since made the arrangement more confusing than useful, and the Condor was quietly dropped from circulation vocabulary shortly after this series. Notes bearing both denominations simultaneously are a snapshot of that awkward transition, printed by the Banco Central's own in-house facility at a moment when the nomenclature was already dying.

Talleres de Especies Valoradas had handled Chilean security printing since the early 1930s, reducing the country's dependence on foreign printers like Waterlow & Sons and the American Bank Note Company.