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The peseta (/ p ə ˈ s eɪ t ə /, Spanish:) 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).
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.
This is a list of currency of Spain. The current currency since 2002 is the Euro .
CurrencyDate CreatedDate AbolishedInitialexchange Rate2002n/a1 euro = 166.386 pesetas186920025 pesetas = 2 escudos1865186910 reales = 1 escudo1535/153718491 escudo = 16 realesThe real (English: /ɹeɪˈɑl/ Spanish: /reˈal/) (meaning: "royal", plural: reales) was a unit of currency in Spain for several centuries after the mid-14th century. It underwent several changes in value relative to other units throughout its lifetime until it was replaced by the peseta in 1868.
Spain’s currency history prior to the euro consisted of the Spanish Real, the Spanish Escudo, and the Spanish Peseta. Learn more about it.
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.
On October 19, 1868, the peseta came into being as the monetary unit by virtue of a decree passed by the Provisional Government after Isabel II was overthrown. This Government decided to centralize the entire currency production in the old Madrid Mint, the beginning of what is today the FNMT-RCM.
