Chile 5 Pesos banknote of 1947-58 series

07 Dec 2018  Fri

Chile is a long, narrow country stretching along South America's western edge, with more than 6,000km of Pacific Ocean coastline. Santiago, its capital, sits in a valley surrounded by the Andes and Chilean Coast Range mountains. The city's palm-lined Plaza de Armas contains the neoclassical cathedral and the National History Museum. The massive Parque Metropolitano offers swimming pools, a botanical garden and zoo.

The Central Bank of Chile in Santiago serves as the central bank for the country. The Chilean currency is the Chilean peso (CLP). Chile is one of South America's most stable and prosperous nations. The first Chilean peso was introduced in 1817, at a value of 8 Spanish colonial reales.

The first Chilean paper money was issued between 1840 and 1844 by the treasury of the Province of Valdivia, in denominations of 4 and 8 reales. In 1925, the Banco Central de Chile began issuing notes. The note depicted in the picture is a 5 Chile Pesos banknote in use print from 1947-58. The note description is as below:

The obverse has the portrait of General, statesman and liberator of Chile Bernardo O'Higgins to right, while the back has National ornaments, the logo seal of the Central Bank of Chile. This blue on pink underprint note has the Watermark of Diego Portales Palazuelos and the signatures of Arturo Maschke Tornero (Presidente) and Felipe Herrera Lane (Gerente General).

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