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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 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]
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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.
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.
In most of the Spanish States, the dinero was superseded by the maravedí and then the real as the unit of account.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".
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