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The peseta (/ p ə ˈ s eɪ t ə /, Spanish:) [a] 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 ).
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 ] Prior to this was the Silver escudo (1865–1869), Gold escudo (1535/1537–1849), Spanish real (mid-14th century–1865), Maravedí (11th–14th century), and ...
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).
Spain's adoption of the peseta in 1869 and its joining the Latin Monetary Union meant the effective end of the last vestiges of the Spanish dollar in Spain itself. However, the 5-peseta coin (or duro) was slightly smaller and lighter but was also of high purity (90%) silver.
Peseta may refer to: Catalan peseta, a former currency of Catalonia; Equatorial Guinean peseta, a former currency of Equatorial Guinea; Peruvian peseta, a former currency of Peru; Sahrawi peseta, the de jure currency of the Sahrawi Arab Democratic Republic; Spanish peseta, a former currency of Spain Banknotes of the Spanish peseta
In the 20th century, both the French franc and Spanish peseta were used and accepted in Andorra, but the peseta was more widespread [4] with government budgets, salaries and bank deposits mostly being in pesetas. When those two currencies were replaced by the euro between 1999 and 2002, the euro became the sole currency in Andorra.
The Catalan peseta (in Catalan: peceta; pl. pecetes) was a unit of currency in Catalonia until 1850, when the whole of Spain decimalized. It was also a name used throughout Spain for an amount of four reales de vellón. It was coined in Barcelona in gold and silver from 1808 until 1814, under the Napoleonic government. [1]
It underwent several changes in value relative to other units throughout its lifetime until it was replaced by the peseta in 1868. The most common denomination for the currency was the silver eight-real Spanish dollar (Real de a 8) or peso which was used throughout Europe, America and Asia during the height of the Spanish Empire.