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Currency of Spanish America. Charles V Spanish coin from the 1554 shipwreck in the Gulf of Mexico. This article provides an outline of the currency of Spanish America (las Indias, the Indies) from Spanish colonization in the 15th century until Spanish American independencies in the 19th. This great realm was divided into the Viceroyalty of New ...
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. Peseta banknotes were first printed in 1874 and were phased out with the introduction of the Euro. [1]
Spanish colonial real. 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.
The first ordinance officially devaluing the Spanish non-colonial real came out in 1642, with the real provincial debased from 67 to 83 + 3 ⁄ 4 to a mark of silver (hence, 10 reales to the dollar). Actual coins worth 1 ⁄ 2 , 1, 2, 4 and 8 reales provincial (the latter worth 4 ⁄ 5 of a dollar and called peso maria ) were minted in 1686 and ...
The Spanish dollar, also known as the piece of eight (Spanish: real de a ocho, dólar, peso duro, peso fuerte or peso), is a silver coin of approximately 38 mm (1.5 in) diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content 25.563 g (0.8219 ozt) fine silver.
The Spanish authorities chose the first option. Law 36/2014, of 26 December 2014, on the 2015 State Budget amended the Law of Autonomy of the Banco de España so that the central bank could entrust its euro banknote production quota to a commercial law firm in which it held a majority stake.
In most of the Spanish States, the dinero was superseded by the maravedí and then the real as the unit of account.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".
Céntimo. 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 céntimos.