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The last coin of any value under one peseta was a 50 cts coin issued in 1980 to celebrate Spain's hosting of the 1982 FIFA World Cup. [6] The last 25-céntimo coin (or real) was dated 1959, the ten céntimos also dated 1959; both coins bore the portrait of Franco. The 1-céntimo coin was last minted in 1913 and featured King Alfonso XIII. [7]
The sol was initially pegged to the French franc at a rate of 1 sol = 5 francs (S/. 5.25 to £1 and S/. 1.08 to US$1). In 1880 and 1881, silver coins denominated in pesetas , were issued, worth 20 centavos to 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 ] 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 ...
From 1642: $1 = 10 reales provinciales; From 1687: $1 = 15 + 2 ⁄ 34 reales de vellón (made of billon alloy; edict not effective) From 1737: $1 = 20 reales de vellón; In 1864: $1 = 2 silver escudos (different from the gold escudo) And finally, in 1869: $1 = 5 Spanish pesetas, the latter at par with the French franc in the Latin Monetary Union.
When Primo de Rivera came to power, the exchange rate of the dollar was 7.50 pesetas, and in the following years the Spanish currency was revalued against both the dollar and the pound sterling. In 1927 the exchange rate of the dollar was 5.18 pesetas —and that of the pound sterling a little less than 28 pesetas—. [88]
Coins were minted in both Spain and Latin America from the 16th to 19th centuries in silver 1 ⁄ 2, 1, 2, 4 and 8 reales nacionales and in gold 1 ⁄ 2, 1, 2, 4 and 8 escudos. The silver 8-real coin was known as the Spanish dollar (as the coin was minted to the specifications of the thaler of the Holy Roman Empire and Habsburg monarchy ), peso ...
After the Spanish–American War of 1898, Spain sold the Carolines and the Northern Marianas to the German Empire in the German–Spanish Treaty (1899) for 25 million pesetas (the equivalent of 17 million goldmarks or nearly one million pounds sterling), [4] while reserving to itself the right to establish a coal mine in the area.
Sánchez Navarrete had spoken of a loot of around one million pesetas. [ d ] [ 8 ] Honorio Sánchez Molina, the mastermind and financial backer of the operation, a low-life character who was the owner of a boarding house in Madrid on Calle de las Infantas [ es ] , and who also had a gambling problem.