Chile Unveils New $100 Coin Commemorating Central Bank Centenary
Table of Contents
- Chile Unveils New $100 Coin Commemorating Central Bank Centenary
- New $100 Coin Design and Features
- Circulation and Availability
- Technical Specifications of the New Chilean Currency
- Chile: A Stable Economy in South America
- Evergreen Insights: The Role of Central Banks
- FAQ About the New Chilean $100 Coin
- When will the new Chilean $100 coin be released?
- What is special about the design of the new $100 coin?
- Will the new $100 coin replace the existing one?
- How many of the new Chilean $100 coins will be issued?
- Can the new $100 coins be used for everyday transactions?
- What are the technical characteristics of the new $100 coin?
- Why is Chile issuing a new $100 coin?
Santiago, Chile – Starting July 21, 2025, Chile will introduce a new $100 coin to commemorate the centennial anniversary of the Central Bank of Chile. The coin will feature a special design highlighting the bank’s 100-year history and its importance to the nation’s economy.
New $100 Coin Design and Features
The new commemorative coin maintains the same physical characteristics as the current bimetallic $100 coin but showcases a unique design. The obverse side will display the Central Bank’s centenary logo, accompanied by the inscription “One Hundred Years.” A representation of the Andes mountain range is also included in the design. The reverse side features the national shield, the year of coinage (2025), the denomination “100,” and the word “pesos,” all encircled by laurel branches.
Did You Know? The Central Bank of Chile was established in 1925 and plays a crucial role in maintaining the country’s financial stability and managing monetary policy.
Circulation and Availability
The Central Bank will issue 30 million of these special edition coins. They will be distributed to commercial banks starting July 21, 2025, and made available to the general public through regular banking transactions. The new coin will circulate alongside the existing bimetallic $100 coin and the older, larger monometallic version that was phased out in 2000.
Rosanna Costa, President of the Central Bank, emphasized that the new $100 currency will serve as “a symbol that will be in everyone’s hands,” reminding citizens of the bank’s century-long commitment to building confidence and economic stability. Cecilia Feliú, the entity’s treasurer manager, added that the coins will be accessible to people “at any time” when they conduct transactions.
Pro Tip: While the commemorative coin may be tempting to collect, the central Bank encourages people to use it as a regular means of payment rather than storing it away.
Technical Specifications of the New Chilean Currency
Here’s a summary of the key details regarding the new $100 coin:
| Feature | Description |
|---|---|
| Obverse Design | Central Bank logo, “One Hundred Years” inscription, Andes mountain range |
| Reverse Design | National shield, year of coinage (2025), “100” pesos, laurel branches |
| Issuance Date | July 21, 2025 |
| Total Quantity | 30 million coins |
| Circulation | Alongside existing $100 coins |
Chile: A Stable Economy in South America
Chile is recognized as one of the safest and most stable countries in South America [[2]]. Santiago,the capital,is a modern and culturally rich city. The country boasts a long coastline of 6,435 kilometers with over 3,000 islands [[2]]. Chile’s stable economy is supported by institutions like the Central Bank, wich is celebrating its 100th anniversary with the release of this new coin.
The chilean economy is expected to grow by 2.5% in 2025, according to recent forecasts. This growth is supported by strong exports, particularly in the mining sector, and prudent fiscal policies.
Will you be trying to get your hands on one of these new commemorative coins? What othre ways can a central bank celebrate such a milestone?
Evergreen Insights: The Role of Central Banks
Central banks play a vital role in maintaining economic stability by controlling monetary policy, regulating commercial banks, and managing inflation. The Central bank of Chile, established in 1925, has been instrumental in the country’s economic development. Over the past century, it has navigated various economic challenges, including periods of high inflation and financial crises. The bank’s commitment to price stability and sound financial management has contributed to Chile’s reputation as one of the most stable economies in Latin America.
The independence of central banks is crucial for their effectiveness. When central banks are free from political interference, they can make decisions based on economic data and long-term goals, rather than short-term political considerations. This independence helps to build credibility and confidence in the financial system.
FAQ About the New Chilean $100 Coin
When will the new Chilean $100 coin be released?
The new $100 coin commemorating the Central Bank of Chile’s centenary will begin circulating on july 21, 2025.
What is special about the design of the new $100 coin?
The new coin features the Central Bank’s centenary logo on its obverse side,along with the phrase “One Hundred Years.” It also includes a depiction of the Andes mountain range.
Will the new $100 coin replace the existing one?
No, the special edition $100 coin will not replace the current bimetallic coin.Both will circulate simultaneously, along with the older, larger monometallic version phased out in 2000.
How many of the new Chilean $100 coins will be issued?
A total of 30 million pieces of the new $100 coin will be issued and distributed through commercial banks starting july 21, 2025.
Can the new $100 coins be used for everyday transactions?
Yes, the Central Bank emphasizes that the new $100 coin is a legal means of payment and can be used for any type of transaction.
What are the technical characteristics of the new $100 coin?
The obverse of the coin features the Central Bank logo, the phrase “One Hundred Years,” and a mountain symbolizing the Andes. The reverse displays the national shield, the year of coinage (2025), the number “100,” and the word “pesos,” surrounded by laurel branches.
Why is Chile issuing a new $100 coin?
The new $100 coin commemorates the centenary of the Central Bank of Chile and its role in building confidence and economic stability in the country.
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