5000 Pesos 500 Condores

The dual denomination — 5000 Pesos and 500 Condores simultaneously — reflects the short-lived Condor monetary unit introduced in Chile in 1925 at a fixed rate of 10 Pesos to 1 Condor. By 1932, the system was already in collapse; Chile had abandoned the gold standard that February under severe pressure from the global depression and a catastrophic fall in copper and nitrate revenues. Notes of this series circulated during one of the most unstable fiscal periods in Chilean republican history.

Talleres de Especies Valoradas, the Chilean state security printer, handled the entire run domestically — unusual for high-denomination paper at this level, where foreign security printers were typically preferred.