It remained legal tender in Chile until 1 January 1960, when it was replaced by the escudo.
[4] Also in 1851, the peso was set at 5 French francs, or 22.5 grams of pure silver.
In 1925, money circulation was controlled by the newly created Central Bank of Chile.
[5][6] Beginning in 1932, the value of the peso began to gradually decline, and by the 1940s, inflation began to increase rapidly; as a result, Law 11885 of September 15, 1955, established that all obligations would be paid in whole pesos, without cents.
[7] In the context of a policy of national economic sanitation and inflationary control undertaken by the government of Jorge Alessandri, between 1960 and 1975 the peso was replaced by the escudo (Eº).
[9] Gold bullion coins with nominals in 100 pesos were minted between 1932 and 1980 (i.e. they survived into the periods of two later currencies).
[11] 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.
One bank, the Banco de A. Edwards y Cía., also issued notes denominated in pounds sterling (libra esterlina).
[12] In 1881, the government issued paper money convertible into silver or gold, in denominations of 1, 2, 5, 10, 20, 50, 100, and 1000 pesos.
In 1898, provisional issues were made by the government, consisting of private bank notes overprinted with the words "Emisión Fiscal".