Understanding Centimos: The Subunit of the Chilean Peso

Centimos (singular: centimo) is the subunit of the Chilean peso, equivalent to 1/100th of a peso. It is used for accounting and financial purposes, but not as a widely used denomination in everyday transactions.

For example, if you buy something that costs 250 pesos, you would pay 250 x 100 = 25,000 centimos.

The use of centimos is similar to the use of cents in other currencies, such as the US dollar.

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