Before revision: During the short period of the "Austral" which replaced the traditional "Peso" monetary bill, after the dictatorship of 1976 (between 1983 and 1990) and in the recent years after year 2.000 , people used to call "palo" (stick) to the "million" of australes or pesos, so "2 palos" refers to 2 million pesos.
After revision: During the short period of the "Austral" which replaced the traditional "Peso" monetary bill, after the dictatorship of 1976 (between 1983 and 1990) and in the recent years after year 2,000 , people used to call "palo" (stick) to the "million" of australes or pesos, so "2 palos" refers to 2 million pesos.