- Monetary unit:
- the Country code:
- Spain, Kingdom
- of 499 440 sq. km
- the Spanish (state), Castilian, Catalan
- ES (ESP) 724
Spain is an exhibiting country the European Union . Monetary unit - euro - to equal 100 eurocents.
Till January, 1st, 2002 pesetas - equal 100 centimes were cash token moneys of Spain. A nominal number of the native currency of Spain has been presented by notes of denomination of 10000, 5000, 2000, 1000 pesetas. The peseta, on a level with franc France also was currency of Andorra.
The Peseta has been entered on January, 1st, 1859 instead of monetary unit earlier addressing to Spain - real. Since June, 21st, 1864 it has been replaced by silver monetary unit - escudo. The escudo was divided into 100 reals. Since October, 19th, 1868 after the introduction of Spain into the Latin monetary union the peseta on the basis of bimetallism with the silver and gold contents is again entered. Along with Bank of Spain 15 more private banks used the right of monetary issue. In 1874 the Bank of Spain has acquired the exclusive issuing right.
As a result of the First World War the peseta rate has considerably dropped. Still the peseta has undergone to more depreciation during a civil war in Spain (1936-1939).
In 1959 Spain was included into Bretton-Vudsky system, syntheticly having adhered peseta to an US dollar exchange rate. Since January, 22nd, 1974 official limits of deviations of a rate of peseta to US dollar are cancelled. Further the Bank of Spain carried out devaluations of peseta in the form of decrease in its floating rate.
On obverse and backs of denominations of the last series of 1992 portraits are represented: 1000 pesetas - Ernana Cortes (1485-1547), won Mexico and Fransisko Pisarro (1475-1541), the conquistador who has won empire of Incas; 2000 pesetas - Jose Selestino Mutisa (1732-1808), Spanish botany, the doctor and the naturalist; 5000 pesetas - Christopher Columbus (1451-1506), the Spanish seafarer who has opened for Europeans America; 5000 pesetas - Juan Carlos I, the king of Spain and George Juan Santasilii (1713-1773), the Spanish scientist, the mathematician, the naval officer.
It is updated 05.2012