11/19/2023 0 Comments Old spanish silver coins![]() Each escudo was worth several reales and they were finally replaced by pesetas.īefore the euro existed, peseta was the official currency of Spain from 1869 to 2002. The first escudo was a golden coin introduced in 1566. The Spanish escudo (or shield) had two denominations: silver and gold. The Spanish dollar was used in the Americas and Asia, and it became very popular as trading money for international commerce. Eight reales were equivalent to the weight of one silver peso or Spanish dollar, which was presented the same year. These were Iberian coins made of gold or silver. The Castilian King Peter I introduced this standard coin, worth three maravedíes. Real was the official Spanish currency for hundreds of years, from the middle of the 14th century to 1864. In an organic way, many regions began to call their money by different names, until a new form of payment was implemented. Most of the transitions from one to the other took place due to territorial unification. Real, escudo, and peseta were some of the Spanish currencies before the euro. Spanish coins, for example, usually have several monuments and the King’s portrait. While one side of the coin has a common image for all the eurozone, the other one offers a different design in each country. Euro is the official currency of 19 out of 28 member states: Germany, Austria, Belgium, Cyprus, Slovakia, Slovenia, Spain, Estonia, Finland, France, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands and Portugal. Most of the countries from the European Union adopted this new currency to make it easier to travel between countries. The euro was introduced in Spain in 2002. ![]()
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