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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 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 ...
However, the 5-peseta coin (or duro) was slightly smaller and lighter but was also of high purity (90%) silver. In the 1990s, commemorative 2,000-peseta coins were minted, similar in size and weight to the dollar.
Silver coins were: cuartillo (1/4 R), medio (1/2 R), real, peseta (2 R), medio peso (4 R), and peso (8 R). If minted to standard, they were either 0·916 fine or (from 1772) 0·902 fine. Circulation also included a varying quantity of macuquina, worn, and of varying weight and fineness. There were also silver coins of various types that had ...
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.
"It's a really expensive currency that will stay expensive as long as the rest of the world is shoveling all of its savings into the United States to see how much money it can make out of the U.S ...
Despite the persistent rise in living costs due to inflation over the past two years, certain goods and services have become more affordable, offering a reprieve for consumers. While inflation has...
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