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The Chip Board Archive 25

The Escudo only circulated from 1960 to 1975
In Response To: Anyone have info on this ? ()

Before and after that, Chile used Pesos.

https://en.wikipedia.org/wiki/Chilean_peso

In 1975, the new Peso was valued at 1000 Escudos.

Quick Answer
Upon its introduction in 1975, the Chilean peso was valued at 1,000 escudos, the official Chilean currency it replaced. From 1975 to 1999, the Central Bank of Chile managed the exchange rate through a variety of means, including crawling bands, fixed rates and other mechanisms. In September 1999, the bank shifted to a floating value, which allows the market to determine the value of the peso, as is the case with the U.S. dollar and other major currencies.

I don't know much about Economics, but think that Crawling Bands have something to do with Wandering Mariachis. "Other Mechanisms" may refer to 30 years in jail courtesy of Gen. Pinochet.

A wild guess, 1000 Escudos, which existed as a banknote but not a coin, would have been maybe $10 US?

Messages In This Thread

Anyone have info on this ?
The Escudo only circulated from 1960 to 1975
Re: The Escudo only circulated from 1960 to 1975
Re: Anyone have info on this ?
Re: Anyone have info on this ?
On the positive side...
True words, Charles - and plaques such as this one
Re: True words, Charles - and plaques such as this
Re: On the positive side...
One Plaque Sold In - 2004
Re: One Plaque Sold In - 2004
Re: Anyone have info on this ?
Thanks Rich 😀
Re: Anyone have info on this ?
Nice. Congrats...
Re: Nice. Congrats...
Re: Nice. Congrats...
Nice piece... Congrats!
Thanks Westen 😀

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