1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 104.9525 CLP (Chilean Peso). It is the official currency of Chile denoted by the symbol $. It is subdivided into 100 centavos. CLP (Chilean Peso) was introduced in 1817, and was replaced by Escudo in 1960 at a rate of 1 Escudo = 1000 Pesos. In 1975, the second edition of Peso, the CLP (Chilean Peso) was introduced to replace the escudo at 1 Peso = 1,000 Escudos.