Chilean Dolphin CCL Secure Company

Casa de Moneda de Chile has been producing security documents and banknotes for third-party clients for decades, and this piece appears to fall within that commercial output — a demonstrator or promotional item rather than a circulating obligation of any central bank. The "CCL Secure" designation points to their substrate security division, with the Chilean Dolphin serving as a regional branding choice for a hybrid substrate product pitched to issuing authorities shopping for polymer-paper combinations.

Hybrid substrate notes remain a contested middle ground in the industry — cheaper than full polymer, more durable than pure cotton paper, but with a track record too short to satisfy skeptics. This appears to be a sales sample, not a note with any monetary function.