Peseta
| Peseta | |
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| Missing image 1peseta1998front.jpg Image:1peseta1998front.jpg | Missing image 1peseta1998back.jpg Image:1peseta1998back.jpg |
| 1 Peseta 1998 | |
The peseta (₧, ESP) was the currency of Spain (and Andorra, along with the French franc) until December 31, 1998. It was divided into 100 céntimos (until inflation eliminated the céntimo), or, informally, into four reales. The five-pesetas coin was nicknamed duro.
It was replaced by the euro (€) in 1999 on currency exchange boards. Euro coins and notes were introduced in January 2002, and since March 1, 2002, the peseta is no longer legal tender in Spain and Andorra. The exchange rate was 166.386 pesetas to the Euro (3 Euros are 500 ₧).
Peseta.jpg
The name was derived from the Catalan word "peceta", meaning "little piece" (diminutive of "peça").
At the time of the changeover to the Euro, the following coins were being produced [1]:
- 1 Peseta (0.60 cent)
- 5 Pesetas (3 cent)
- 10 Pesetas (6 cent)
- 25 Pesetas (15 cent)
- 50 Pesetas (30 cent)
- 100 Pesetas (60 cent)
- 200 Pesetas (1.20 €)
- 500 Pesetas (3 €)
Banknotes were:
- 1000 Pesetas (6 €)
- 2000 Pesetas (12 €)
- 5000 Pesetas (30 €)
- 10,000 Pesetas (60 €)
Peseta is also Nuyorican slang for a U.S. quarter.
External link
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| Notes: | |||||||
| 1 – negotiated an opt-out and is not obliged to join the Eurozone. | |||||||
| 2 – technically obliged to join the Eurozone, but deliberately fails to meet one of the Maastricht criteria (namely membership in ERM II). | |||||||