Until 1851, the peso was subdivided into 8 reales, with the escudo worth 2 pesos.
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The current peso was introduced on 29 September 1975 by decree 1,123; replacing the escudo at a rate of 1 peso = 1000 escudos.
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The escudo replaced the peso on 1 January 1960 at a rate 1 escudo = 1000 pesos.
He had his personal revenge, because he won the final of the reality, winning a reward of 50 million pesos (US$ 80.000).
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Pilots had been attempting to cross the Andes since 1913, and the National Congress of Chile had offered a prize of 50,000 pesos for the first successful crossing of the range by a Chilean (if no foreigner had done so first) between the 31st and 35th parallels, where the highest peaks lay.