CLP - Chilean Peso ($)

The Chilean peso is the official currency of Chile. The peso’s currency code is CLP and the symbol is $. ‘CLP$’ can be used to distinguish it from the US dollar. Its conversion factor has 6 significant digits. The peso is a fiat currency.

The Chilean Peso (CLP) is the official currency of Chile. The symbol for the Peso is $. The Peso is divided into 100 centavos, but there are no centavo coins in circulation.

The Chilean Peso is the currency in Chile (CL, CHL). The symbol for CLP can be written Ch$. The Chilean Peso is divided into 100 centavos. The exchange rate for the Chilean Peso was last updated on Today from The International Monetary Fund. The CLP conversion factor has 6 significant digits.

Economy

  • The World Bank classifies Chile as an upper income economy.
  • Chile’s economy is prosperous and stable.
  • The GDP is rated the highest in Latin America.
  • The main industries are textile, cement, fish processing, minerals, copper, wood, foodstuffs, and transportation equipment.
  • Export products are wine, crude oil, copper, pulp and paper, fish products, and copper.
  • Import products are telecommunications, electrical goods, vehicles, chemicals, and natural gas.
  • Chile produces salmon and is rated the 2nd largest producer in the world.
  • Agriculture and mining account for 22.5% of the GDP.
  • The main source of income for Chile is the service industry, which accounts for 54% of the GDP.
  • Agricultural products for Chile are apples, onions, corn, wheat, oats, fish, timber, asparagus, garlic, and beef.
  • It is said that by 2012 the agricultural exports of Chile will be 74% duty-free.

History

  • In 1817, the first edition of the Peso was introduced and was valued against the Spanish Real.
  • In 1851, the Peso equaled 5 French francs.
  • In 1960, the Peso was replaced by the Escudo at a rate of 1,000 Pesos = 1 Escudo.
  • In 1975, the second edition of the Peso was introduced to replace the escudo. 1,000 escudos = 1 peso.
  • Until 1984, the Peso was divided into 100 centavos.
  • In 2011, a new 1,000-peso banknote was issued.

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