Spanish peseta

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Definition

Noun: * Spanish peseta: The former basic unit of currency in Spain, which was subdivided into 100 centimos. It was the official currency of Spain until it was replaced by the euro in 2002.

Usage

The term "Spanish peseta" is used historically to refer to the currency of Spain before the adoption of the euro. It functions as a countable noun.

Examples
  • Before the euro, the price of a coffee in Madrid was about 150 Spanish pesetas.
  • My grandfather still has a collection of old Spanish peseta coins.
  • The Spanish peseta was a symbol of the nation's economy for over a century.
Advanced Usage
  • The term is often used in economic and historical contexts when discussing Spain's financial past or the transition to the European Monetary Union.
  • It can be used attributively (like an adjective) to describe other nouns related to the currency, e.g., "peseta notes," "peseta era."
Variants and Related Words
  • Peseta (Pta): The more common shortened form. While "Spanish peseta" specifies the country, "peseta" alone was universally understood to refer to Spain's currency.
  • Centimo: The subunit of the peseta, equal to 1/100th of a peseta.
  • Euro (€): The currency that replaced the Spanish peseta.
Synonyms
  • Former Spanish currency
  • Pta (abbreviation)
Notes
  • The Spanish peseta is no longer legal tender. It holds only historical and collectible value.
  • The official ISO 4217 currency code for the Spanish peseta was ESP.
Noun
  1. formerly the basic unit of money in Spain; equal to 100 centimos

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