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The peseta ( / pəˈseɪtə /, Spanish: [peˈseta]) was the currency of Spain between 1868 and 2002. Along with the French franc, it was also a de facto currency used in Andorra (which had no national currency with legal tender ). This infobox shows the latest status before this currency was rendered obsolete. The peseta was the currency of ...
peseta, former monetary unit of Spain. The peseta ceased to be legal tender in 2002, when the euro, the monetary unit of the European Union, was adopted as the country’s sole monetary unit. In 1868 the peseta replaced the peso, which had been adopted in the 15th century and which was known in full.
Banknotes of the Spanish peseta. The banknotes of the Spanish peseta were emitted by the Bank of Spain in 1874–2001 until the introduction of the euro. From 1940 the banknotes were produced by the Royal Mint (Fábrica Nacional de Moneda y Timbre).
The peseta was established as the basic unit of the Spanish monetary system by means of a Government Decree enacted on 19 October 1868. It was the common currency used throughout Spain for over 130 years.
The peseta, the last circulating coinage in Spain before the European single monetary system was implemented, came into being in 1868 during the reign of Isabel II. It was in circulation for over a hundred years during which time it became steeped in Spanish history.
Before the euro existed, peseta was the official currency of Spain from 1869 to 2002. The word peseta is derived from the Catalan peceta, diminutive of peça, and it means “small piece.” During the 15th century, pesetas were made of silver and equivalent to the value of two reales.
Jul 26, 2023 · The Spanish 1870 2-centimo bronze coin with a mintage of 115,869,000 weighs 2 grams and is 20mm in diameter. When the Spanish Provisional Government established the peseta as their monetary unit it was important that each coin minted have its intrinsic value tied to its weight.
