The Chilean Peso (CLP) is the official currency of Chile. It is subdivided into 100 centavos and is symbolized by the "$" sign or "CLP" for clarity in international contexts. The currency is issued by the Central Bank of Chile, which manages its supply and value. The peso has undergone several changes since its introduction in the 19th century, reflecting the country's economic conditions. It is commonly used in everyday transactions, and its exchange rate fluctuates against other currencies, such as the US Dollar and the Euro, influenced by various economic factors.