The Central Bank of Chile is the central bank of Chile. It was established in 1925 and is incorporated into the current Chilean Constitution as an autonomous institution of constitutional rank. Its monetary policy is currently guided by an inflation targeting regime.
Front view of the Central Bank of Chile building
Board of Central Bank of Chile. March 2022.
Central Bank President José de Gregorio Rebeco presenting the new $5,000 bill in 2009.
Image: Ismael Tocornal Tocornal
The peso is the currency of Chile. The current peso has circulated since 1975, with a previous version circulating between 1817 and 1960. Its symbol is defined as a letter S with either one or two vertical bars superimposed prefixing the amount, $ or ; the single-bar symbol, available in most modern text systems, is almost always used. Both of these symbols are used by many currencies, most notably the United States dollar, and may be ambiguous without clarification, such as CLP$ or US$. The ISO 4217 code for the present peso is CLP. It was divided into 100 centavos until 31 May 1996, when the subdivision was formally eliminated. In February 2023, the exchange rate was around CLP$800 to US$1.
2+1⁄2 centavos, 1887. Copper
The discontinued $500 bill, together with Chilean notes currently in circulation
Coins of the Chilean peso in circulation