The currency of Chile is the Chilean peso, abbreviated as CLP. The peso is divided into 100 centavos and is symbolized by the "$" sign or "CLP" in financial contexts. It has gone through various changes since its initial introduction in the 19th century, reflecting fluctuations in the economy. The central bank of Chile, known as the Banco Central de Chile, is responsible for issuing and regulating the currency. The Chilean peso plays a crucial role in the country’s economy, affecting trade, inflation, and purchasing power for its citizens.