About Central Bank of Chile
1925 – Decree Law 486 of August 22, issued under the presidency of Arturo Alessandri Palma, created the Central Bank of Chile. The initiative arose from one of the projects presented that year by the Kemmerer Mission, hired by the government to restructure the Chilean monetary and financial system.
1926 – The Central Bank opened its doors to the public with a nominal capital of 150 million Chilean pesos, of which approximately 13% were contributed by the State, 40% by domestic and foreign commercial banks operating in Chile, and the remaining 47% by the public through the subscription of shares. Its main duties were of a monetary nature… Continue reading about Central Bank of Chile here.