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½ Escudo (50 Centésimos)

Issuer Banco Central de Chile
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Currency Escudo (1960-1975)
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Reverse description Printed in deep blue, the reverse carries a large intaglio historical vignette of the "Llegada de Almagro a Chile" (Arrival of Almagro in Chile), showing a mounted conquistador leading a group of figures through a dramatic landscape. To the right, a guilloche oval underprint bears the denomination "Eº 0.50" with a circular legend reading CINCUENTA CENTÉSIMOS DE ESCUDO. The issuer name BANCO CENTRAL DE CHILE is inscribed across the top, and MEDIO ESCUDO runs along the lower border, with the fraction ½ in each corner.
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Signature(s) Sergio Molina Silva & Francisco Ibañez Barceló
Carlos Massad Abud & Francisco Ibañez Barceló
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Comments

Chile's decision to print its own banknotes at the Casa de Moneda rather than contracting European or North American printers was a point of national policy by the 1960s, though the domestic facility struggled at times to match the security printing standards of firms like De La Rue or the American Bank Note Company. This ½ Escudo note belongs to the early Escudo series, introduced in 1960 when the government redenominated the Peso at 1,000:1 — a ratio that makes plain just how severely inflation had eroded the previous currency.

Two signature combinations are documented for P#134A, reflecting ministerial turnover during a period of considerable economic instability under the Alessandri and Frei administrations.

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