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<p>and may be ambiguous without clarification, such as CLP$ or . The <a href="page.php?w=ISO_4217">ISO 4217</a> code for the present peso is <b>CLP</b>. It was divided into 100 <a href="page.php?w=centavo">centavo</a>s until 31 May 1996, when the subdivision was formally eliminated (requiring payments to be made in whole pesos). In July 2024, the exchange rate was around CLP940 to US$1.</p>

<p>The current peso was introduced on 29 September 1975 by <a href="page.php?w=decree">decree</a> 1,123, replacing the <a href="page.php?w=Chilean_escudo">escudo</a></p><p>
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