Peseta

Peseta

1 Peseta 1998

The peseta (₧) was the currency of Spain (and Andorra, along with the French franc) until December 31, 1998. It was divided into 100 céntimos (until inflation eliminated the céntimo), or, informally, into four reales.

It was replaced by the euro (€) in 1999 on currency exchange boards. Euro coins and notes were introduced in January 2002, and since March 1, 2002, the peseta is no longer legal tender in Spain and Andorra. The exchange rate was 166.386 pesetas to the Euro

The name was derived from the Catalan word "peceta", meaning "little piece" (diminutive of "peça").

At the time of the changeover to the Euro, the following coins were being produced [1]:

1 Peseta (0.60 cent)
5 Pesetas (3 cent)
10 Pesetas (6 cent)
25 Pesetas (15 cent)
50 Pesetas (30 cent)
100 Pesetas (60 cent)
200 Pesetas (1.20 €)
500 Pesetas (3 €)

Banknotes were:

1000 Pesetas (6 €)
2000 Pesetas (12 €)
5000 Pesetas (30 €)
10,000 Pesetas (60 €)

Peseta is also Nuyorican slang for a U.S. quarter.

Pre-Euro Currencies and non-Euro currencies

Eurozone	Austrian schilling \| Belgian franc \| Dutch guilder \| Finnish markka \| French franc \| German mark \| Greek drachma \| Irish pound \| Italian lira \| Luxembourg franc \| Portuguese escudo \| San Marinese lira \| Spanish peseta \| Vatican lira
ERM	Cypriot pound \| Danish krone¹ \| Estonian kroon \| Latvian lat \| Lithuanian litas \| Maltese lira \| Slovenian tolar
Other EU	British pound¹ \| Czech koruna \| Hungarian forint \| Polish zloty \| Slovak koruna \| Swedish krona²

Notes:

1 – negotiated an opt-out and is not obliged to join the Eurozone.

2 – technically obliged to join the Eurozone, but deliberately fails to meet one of the Maastricht criteria (namely membership in ERM II).

Categories: Andorra | European currencies | National currencies | Spain