Peseta

1 EUR = 166.386 ESP 100 ESP = 0.601012 EUR

The peseta (ISO Code: ESP abbreviation: Pts; currency symbol: ₧; plural: Spanish " pesetas ", German " pesetas " ) was up to the introduction of the euro currency in 2002 valid in Spain. In addition, the peseta was just like the French franc in Andorra recognized as official currency.

The name probably derives from the Catalan word peceta ( diminutive of peça ) from which as much as " small piece " means.

The five -peseta coin was called in Spain "un duro " and used as a monetary unit (for example, "tres duros " = 15 pesetas ).

History

The peseta was introduced in 1869 in Spain. She was integrated into the Latin Monetary Union. Coins appeared initially to 1, 2, 5 and 10 Céntimos in bronze and 20 and 50 Céntimos as well as 1, 2 and 5 pesetas silver. They show the seated España and the Spanish coat of arms. Then in 1876 appeared the first pesetas worth 10 and 25 pesetas, later pieces were supplemented to 20 and 100 pesetas in gold. Changed on this system to the start of the Franco dictatorship little.

After the Spanish Civil War put a high inflation rate and the peseta rapidly lost value. There were only coins in iron, brass or aluminum output instead of precious metals. As the country stabilized end of the 1950s, new coins of 10 and 50 Céntimos in aluminum to a peseta in Nordic gold, 5, 25 and 50 pesetas in copper nickel and 100 pesetas were issued in silver. Was worth 1933, 4.2 grams of silver a peseta, it was in 1966 only 0.15 grams, which corresponds to an inflation by a factor of 28.

In the 1970s, inflation rose again so that new coins were introduced in 1975. First, the 100 pesetas silver coin was replaced by an existing not of precious metal 100 -peseta coin. On the occasion of the Football World Cup 1982 in Spain was published in 1980 the last time a 50 - Céntimos coin. From the mid- 1980s, replaced corresponding coins the 200 - and 500 -peseta bills, the bills until the introduction of the euro continued to maintain their validity. Finally, a completely new coin set was from 1991 introduced (1, 5, 10, 25, 50 ( " Spanish flower " ), 100, 200 and 500 pesetas ), which was until the introduction of the Euro 2002 in circulation, with the now made ​​of aluminum existing 1- peseta piece was previously largely disappeared in the years from everyday life. Also, new notes were issued from 1991, which replaced the old series, which was waived the issue of certificates to 200 and 500 pesetas. This series was designed by the then head of the Federal graphic printing Reinhold Gerstetter.

With the introduction of the euro as a unit of account on 1 January 1999, the official exchange rate of 1 € = 166.386 ₧ has been set.

For payment of Euro 2002 was introduced in Spain, he thus replaced the peseta as currency from the country. Only the Bank of Spain or some service change, even after the 2002 coins and bills of the former currency into euro. According to the National Bank of the exchange for an unlimited time is possible. Also in Andorra was replaced by the euro as its official currency, the peseta ( and Franc).