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Need to know waht is the local currency in Chile? The money used in Chile is called Peso.

The Chilean Peso is issued and managed by the Banco Central de Chile. To find out the current currency exchange rates for Peso to other major currencies of the world, click on foreign currency rates.

Chilean Currency Information
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The currency used in Chile is called as the Peso. This currency is denoted with the currency sign and the ISO 4217 Code for the Chilean Peso is CLP. The Peso, is the official currency of the Chile . It is divided into 100 smaller units called centavos.

The constitution of Chile provides that the Chile government shall have the power to print the Chilean Peso and centavos coins to be used as a legal tender in Chile. The Chilean Peso bank notes and Centavos coins are both designated as "legal tender" in payment of debts.

The Chilean Peso bill uses the decimal system, consisting of 100 equal units.

The symbol , usually written before the numerical amount, is used for the Chilean Peso.

Currently printed bank notes denominations are 1000, 2000, 5000, 10,000, 20,000 pesos and the coins are minted in the denominations of 1, 5, 10, 50, 100, 500 pesos .

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The Effect of Balance of Trade and Investment on the Value of Chilean Peso
Financial analysts regularly cite the balance of trade and investment in Chile as the most important influence on the value of the Peso. The difference between what the Chile exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Peso exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Peso exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Chilean Peso.

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