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Originally built to house the first Mint of the Kingdom of Chile in the late 18th century, La Moneda Palace has served as the seat of the executive branch of the Republic of Chile since 1845. Today, it houses the offices of the President of the Republic, along with the Ministry of the Interior and Public Security, the General Secretariat of the Presidency (SEGPRES), and the General Secretariat of Government.

Thirty years after the first coin was minted in Chile featuring the image of King Ferdinand VI, colonial governor Agustín de Jáuregui commissioned the construction of a dedicated building for the Mint in 1780. During its first three decades, the Mint had been managed by the perpetual treasurer Francisco García Huidobro, who had purchased the Palacio Viejo (Old Palace)—now the southwestern corner of Huérfanos and Morandé streets—in the heart of Santiago's historic center. Following his death, minting operations were relocated to a former Jesuit college adjacent to the Church of the Company, where the former National Congress now stands.

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