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The official currency of Spain since 2002 is the Euro. The basic and most prevalent unit of Spanish currency before the Euro was the Peseta . The first Peseta coins were minted in 1869, and the last were minted in 2011.
The Spanish Law of June 26, 1864 decreed that in preparation for joining the Latin Monetary Union (set up in 1865), the peseta became a subdivision of the Spanish peso with 1 peso duro = 5 pesetas. The peseta replaced all previous currencies denominated in silver escudos and reales de vellón at a rate of 5 pesetas = 1 peso duro = 2 silver ...
In most of the Spanish States, the dinero was superseded by the maravedí and then the real as the unit of account. However, in Principality of Catalonia and the Balearic Islands, the currency system based on the dinero continued, with twelve dineros to the sou and six sous the peseta. Note that in modern Spanish, "dinero" means "money".
The real (English: /ɹeɪˈɑl/ Spanish: /reˈal/) (meaning: "royal", plural: reales) was a unit of currency in Spain for several centuries after the mid-14th century. [1] It underwent several changes in value relative to other units throughout its lifetime until it was replaced by the peseta in 1868.
Because the Spanish dollar was widely used in Europe, the Americas, and the Far East, it became the first world currency by the 16th century. [ 2 ] [ 3 ] [ 4 ] The Spanish dollar was the coin upon which the original United States dollar was based (at 0.7735 troy ounces or 24.06 grams), and it remained legal tender in the United States until the ...
The silver real (Spanish: real de plata) was the currency of the Spanish colonies in America and the Philippines. In the seventeenth century the silver real was established at two billon reales (reales de vellón) or sixty-eight maravedíes. Gold escudos (worth 16 reales) were also issued.
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The céntimo (in Spanish-speaking countries) or cêntimo (in Portuguese-speaking countries) was a currency unit of Spain, Portugal and their former colonies. The word derived from the Latin centimus [1] meaning "hundredth part". The main Spanish currency, before the euro, was the peseta which was divided into 100