What is a Chilean peso (CLP)?

The Chilean people have several colloquial names for the Chilean peso (CLP). These names include quina for the 500 peso note, first introduced in 1977, and gamba for the 100 peso note. The Chilean peso is a restricted currency, meaning that it can only be exchanged and used within Chile.

What does CLP stand for in currency?

It is represented by the code CLP on the foreign currency markets. The peso is symbolized by $, usually preceded by the symbol CLP to distinguish it from the U.S. dollar and other dollar-denominated currencies that use the same symbol. The Chilean peso subdivides into 100 centavos. As of March 27, 2022, $1 U.S. was worth 777.18 CLP.

Is the Chilean peso a floating currency?

The CLP has been a floating currency since 1999. In previous eras it was pegged to the U.S. dollar or was controlled by a crawling band rate that limited its movements to a range set by the central bank. Can You Use the Chilean Peso in Other Countries?

What is a 1 peso coin?

Coins currently in circulation are in denominations of 1, 5, 10, 50, 100, and 500 pesos; however, as of 2016 [update] the value of the peso has depreciated enough that most retailers and others tend to use prices that are multiples of 10 pesos, ignoring smaller amounts. The 1 peso coin is rare.