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The peseta was equal to 4.5 grams of silver, or 0.290322 grams of gold, the standard used by all the currencies of the Latin Monetary Union. From 1873, only the gold standard applied. In 1883 the peseta went off the gold standard and traded below parity with the gold French franc. However, as the free minting of silver was suspended to the ...
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
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.
Banesto was taken into control by the Bank of Spain when they discovered a 450,000 million Pesetas (€2,704 million) equity hole in bank's finances. Between 1997 and 1999, several bank runs happened at MBf Finance Berhad in Malaysia , the biggest finance company in the country during that time.
The peso and the real were only fully retired with the introduction in 1868 of the Spanish peseta, at par with the French franc, and at the rate of $1 = 20 reales = 5 pesetas = 22.5 g of fine silver. 1821–1897 Mexican dollar
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.
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 peseta was a short-lived denomination issued by Peru between 1880 and 1882. The peseta was subdivided into 2 reales , with 5 pesetas equal to 1 sol . The sol continued to be produced during this period and was not replaced by the peseta.