Chilean escudo

The escudo was the currency of Chile between 1960 and 1975, divided into 100 cent??simos. It replaced the (old) peso at a rate of 1 escudo = 1000 pesos and was itself replaced by a new peso, at a rate of 1 peso = 1000 escudos. The symbol E?? was used for the escudo. History Through Law 13,305, published on April 6, 1959, the escudo entered into circulation on January 1, 1960, replacing the old peso. Its equivalence was E?? 1 = $1000 (pesos). The escudo was subdivided into cent??simos. As the old banknotes had to be replaced, the Central Bank took the provisional measure of authorizing the overstamping of the existing banknotes of 10, 50, 100, 500, 1,000, 5,000, 10,000 and 50,000 pesos. They had printed in red ink, in the white oval of the watermark on the right side of the back, the equivalent of their value in escudos, according to the exchange rate $1000 = E?? 1. The overstamping of the banknotes began in November 1959. ...

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