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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 peseta, previously not a monetary unit but a colloquial name for the coin worth 1 ⁄ 5 of a peso, was formally introduced as a currency unit in 1868, at a time when Spain considered joining the Latin Monetary Union (LMU). [10] Spain eventually decided not to formally join the LMU, although it did achieve alignment with the bloc. [11]
The second decimal currency of 1864, with a new silver escudo worth 1 ⁄ 2 dollar, 10 reales de vellón or 100 céntimos de escudo (not equivalent to the gold escudo). The real was only retired completely with the introduction in 1868 of the Spanish peseta , at par with the French franc , and at the rate of 1 dollar = 20 reales = 5 pesetas.
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.
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
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When the peseta became the national currency in 1869, only the Royal Mint in Madrid was in operation. In 1893 the Mint ( Casa de la Moneda ) and the Stamp Factory ( Fábrica del Sello ), which so far had been two different establishments sharing a building in Plaza de Colón , merged to create the Fábrica Nacional de Moneda y Timbre .
The local name of the currency is used in this list, with the adjectival form of the country or region. ... Spanish escudo – Spain; ... Wikipedia® is a registered ...