IMF Special Drawing Rights in Chilean Peso

XDR IMF Special Drawing Rights

Country of application:
International Monetary Fund

Coin denominations in circulation:
-

Denominations of banknotes in circulation:
-

History reference:
The International Monetary Fund is the leading organization for international cooperation in the monetary and financial sphere. The international monetary background provides short- and medium-term l...oans with a deficit in the balance of payments of the state. The granting of loans is usually accompanied by a set of conditions and recommendations.

CLP Chilean Peso

Country of application:
Chile

Coin denominations in circulation:
1000, 2000, 5000, 10,000, 20,000 pesos.

Denominations of banknotes in circulation:
1, 5, 10, 50, 100, 500 pesos.

History reference:
CLP in the foreign exchange markets stands for the abbreviation for Chiles currency, known as the Chilean peso. The "old" peso was used as the currency in Chile between 1917 and 1959, when the escudo... (CLE) came into effect. The current (or new) Chilean peso was reintroduced on September 29, 1975, replacing the escudo with an exchange of 1 peso for 1,000 escudos. The Chilean people also refer to their currency as "lukoi" when referring to the 1,000 peso note, "quina" for the 500 peso coin, and "gamba" for the 100 peso coin. On September 29, 1975, instead of the escudo, the peso was reintroduced, the escudos were exchanged for 1000:1 pesos. During the years of the dictatorship, on the obverse of the 5 and 10 peso coins, the image of a winged woman breaking the chains was used, with the signature LIBERTAD (freedom) and the date of the military coup 9/11/1973 - the figure symbolized "liberation from Marxism". After the restoration of civil power in Chile, the design of the coins was changed, the image of the national hero Bernardo OHiggins was placed on the obverse.