Pound Sterling to Chilean Peso — exchange rate

The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.

Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.

The Chilean peso ($) is the national currency issued and spread only in Chile. The currency name can be simplified to CLP. The Chilean peso can be changed into coins named centavo.

Every CLP has 100 centavos. The currency appeared in circulation in 1817, but was later replaced with escudo. However, the Chilean peso was issued again. Today, both currencies are used at the same time. In 2008, the state mint has issued 50 commemorative coins with a misspelling of the country’s name. Some of these coins were sold at auction. Having a face value of 50 peso, their price could go up to 20 thousand peso. This nuisance led to the fact that the head of the mint was fired.