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by Answerbag Staff on January 22nd, 2010

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What kind of money is used in Spain?

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  • by Kate Bruscke on January 22nd, 2010

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    Great Answer

    Professionally Researched. (What's this?)

    Until the formation of the European Union in 1999, the main form of currency in Spain was the peseta (a derivative of the peso). In 2002, however, the peseta was replaced by the euro, which had an exchange rate of 1 euro = 166 pesetas.

    Source:

    BBC.co.uk: Spanish Peseta

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