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The Unidad de Fomento (UF) is a unit of account used in Chile.It is a non-circulating currency; [1] the exchange rate between the UF and the Chilean peso is constantly adjusted for inflation so that the purchasing power of the Unidad de Fomento remains almost constant on a daily basis during low inflation.
The peso is the currency of Chile.The current peso has circulated since 1975, with a previous version circulating between 1817 and 1960.Its symbol is defined as a letter S with either one or two vertical bars superimposed prefixing the amount, [1] $ or ; the single-bar symbol, available in most modern text systems, is almost always used.
In August 1925, the Central Bank of Chile (CBoC) was created through Decree Law 486, which also established the bank's monopoly for issuing bank notes under a gold standard regime. A degree of independence to avoid capture by the public or private sectors was implicit in its ten-member board structure.
The Joachimsthaler of the Kingdom of Bohemia was the first thaler (dollar). Dollar is the name of more than 25 currencies.The United States dollar, named after the international currency known as the Spanish dollar, was established in 1792 and is the first so named that still survives.
In 1997 a merger between Banco O'Higgins and Banco de Santiago created Banco Santiago, one of the largest local banks in Chile and one in which HSBC continues to have a 7% shareholding. The acquisition of the former Republic National Bank of New York returned HSBC to Chile through two full service branches of HSBC Bank USA, in addition to a ...
The economy of Chile operates as a market economy and is classified as a high-income economy by the World Bank. [27] It is recognized as one of the most prosperous countries in South America, [28] leading the region in areas such as competitiveness, income per capita, globalization, economic freedom, and low levels of perceived corruption. [29]
Logo of the "CGR" The General Comptroller of the Republic of Chile (Spanish: Contraloría General de República de Chile) is a constitutionally autonomous body of the Government of Chile based on chapter 10 of the Constitution of Chile [1] and it is in charge of the control of the legal aspects, management, preaudit and postaudit functions of all the activities of the centralized and ...
The Catholic Church's official name for this day is Solemnidad de la Virgen del Carmen, Reina y Patrona de Chile, but the law that created this holiday (20,148) does not use it. [2] August: 15 (Friday) Assumption of Mary: Asunción de la Virgen: 20 (Wednesday) Nativity of Liberator Bernardo O'Higgins: Nacimiento del Prócer de la Independencia