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5000 Escudos

Issuer Banco Central de Chile
Year 1974-1975
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Value 5000 Escudos
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Reverse lettering BANCO CENTRAL DE CHILE CINCO MIL ESCUDOS `DIJISTE LIBERTAD ANTES QUE NADIE, CUANDO EL SUSURRO IBA DE PIEDRA EN PIEDRA, ESCONDIDO EN LOS PATIOS, HUMILLADO` CANTO GENERAL CASA DE LOS CARRERA
(Translation: Central Bank of Chile Five Thousand Escudos `You said freedom before anyone else when the whisper went from stone to stone, hidden in the courtyards, humiliated` Canto General Carrera's House)
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Comments

Chile's escudo was already in freefall by the time this note entered circulation — inflation had run at over 600% annually in 1973, and the military junta that deposed Allende in September of that year inherited a currency effectively in collapse. The 5000 escudo denomination, unthinkable just years earlier, was a direct consequence of that spiral.

The series ran only until 1975, when Chile replaced the escudo entirely with the peso at a rate of 1000 escudos to 1 peso, rendering every note in this series obsolete within months. Three signature combinations are documented across series A and B, reflecting the rapid turnover in economic leadership during the junta's early restructuring — Pablo Baraona Urzúa, who appears on the later series B pairings, went on to serve as Minister of Economy under Pinochet.

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