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50 Pesos 5 Condores

Issuer Banco Central de Chile
Year 1932-1942
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Size 145 × 70 mm
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Obverse description Green intaglio print on a guilloche underprint. Portrait vignette of Aníbal Pinto at right, without name inscription beneath the portrait. Denomination and issuer legends are arranged around the central field with convertibility clause text.
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Signature(s) 22.08.1932 - Armando Jaramillo Valderrama & Otto Meyerholz Gallardo
22.11.1933 - Guillermo Subercaseaux Pérez & Otto Meyerholz Gallardo
24.04.1940 - Marcial Mora Miranda & Otto Meyerholz Gallardo
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Comments

Chile's dual-denomination system of this period — where notes carried values expressed in both pesos and condores simultaneously — reflected the 1925 monetary reform that created the condor as a unit equal to 10 pesos. The Banco Central, itself founded in 1925 under pressure from the Kemmerer Commission's restructuring mission, used both units in parallel on circulating notes for over a decade before the condor designation was quietly dropped.

Otto Meyerholz Gallardo's signature appears across all three known date variants, spanning eight years — an unusual continuity of office through a period that included the brief socialist republic of 1932 and the political turbulence surrounding it. Guillermo Subercaseaux Pérez, who signed the 1933 date, was an economist of some prominence, author of an early treatise on Chilean monetary theory.

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