Chilean Peso (1817–1960)
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Chilean Peso (1817–1960)
The Chilean peso (symbol: $) was the legal tender of Chile from 1817 until 1960, when it was replaced by the escudo, a currency that was itself replaced in 1975 by a new peso. It was established in 1817, together with the country's independence, and in 1851 the decimal system was established in the peso, which was made up of 100 centavos. It remained legal tender in Chile until 1 January 1960, when it was replaced by the escudo. It was manufactured by the Mint of Chile (1743) and regulated by the Central Bank of Chile (1925), in charge of controlling the amount of money in circulation. History Although the adoption of the peso to replace the colonial real dates back to 1817, with the beginning of the New Fatherland period, the Spanish currency system continued to be used, in which 8 reales were equal to 1 peso and 16 reales to 1 escudo. In 1835, copper coins denominated in centavos were introduced, but it was not until 1851 that the real and escudo denominations ceased to be is ...
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Spanish Real
The ''real'' (English: /ɹeɪˈɑl/ Spanish: /reˈal/) (meaning: "royal", plural: ''reales'') was a unit of currency in Spanish Empire, Spain for several centuries after the mid-14th century. It underwent several changes in value relative to other units throughout its lifetime until it was replaced by the ''Spanish peseta, peseta'' in 1868. The most common denomination for the currency was the silver eight-''real'' Spanish dollar (''Real de a 8'') or peso which was used throughout Europe, America and Asia during the height of the Spanish Empire. History In Spain and Spanish America The first real was introduced by Peter of Castile, King Pedro I of Crown of Castile, Castile in the mid 14th century, with 66 minted from a ''Castilian mark'' of silver (230.0465 grams) in a fineness of (0.9306), and valued of 3 ''maravedíes''. It circulated beside various other silver coins until a 1497 ordinance eliminated all other coins and retained the real (now minted 67 to a mark of silve ...
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Santa Lucía Hill
Santa Lucía Hill (), also known in Mapuche as Huelén Hill (), is a small hill in the centre of Santiago, Chile. It is situated between Alameda del Libertador Bernardo O'Higgins in the south, Santa Lucía Street in the west and Victoria Subercaseaux on the east. An adjacent metro station is named after it. The hill has an altitude of 629 m and a height of 69 m over the surrounding area. The hill is the remnant of a volcano 15 million years old. The hill comprises a 65,300 square metre park adorned with ornate facades, stairways and fountains. At the highest point there is a viewpoint popular with tourists visiting the city and meeting point. History It was originally called Huelito o heutrecan by the pre-colonization inhabitants. However, the current name comes from the day in which Pedro de Valdivia conquered the hill, on December 13, 1540. That day celebrates " Santa Lucía." Its first use by its missionaries was as a point of worship, or prayer in the years of the chi ...
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