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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 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.
The piastre or piaster (English: / p i ˈ æ s t ər /) is any of a number of units of currency. The term originates from the Italian for "thin metal plate". The name was applied to Spanish and Hispanic American pieces of eight, or pesos, by Venetian traders in the Levant in the 16th century. İmage of 50 Turkish piastres (Turkish:50 kuruş).
The name of the currency derives from peceta, a Catalan word meaning little piece, from of the Catalan word peça (lit. piece, "coin"). Its etymology has wrongly been attributed to the Spanish peso. [2] The word peseta has been known as early as 1737 to colloquially refer to the coin worth 2 reales provincial or 1 ⁄ 5 of a peso.
A second currency, the franco, was issued between 1891 and 1897 but did not replace the peso. However, in 1905, the peso was replaced by the U.S. dollar , at a rate of 5 pesos to the dollar. The peso oro was introduced in 1937 at par with the U.S. dollar, although the dollar continued to be used alongside the peso oro until 1947.
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.
This coin was known to English colonists in North America as a piece of eight, then later on as a Spanish dollar, Spanish milled dollar, and finally as a Mexican dollar. In French, it was called a piastre and in Portuguese, a pataca or patacão. The Spanish names at various times and in various places were real de a ocho, patacón, duro, or fuerte.
International dollar – hypothetical currency pegged 1:1 to the United States dollar; ... Spanish colonial real – Argentina, Bolivia, Chile, Colombia, ...