Peseta Meaning: Definition, Examples, and Translations
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peseta
[peหseหtษ ]
Definition
currency unit
The peseta was the currency of Spain before the euro was adopted in 2002. It was subdivided into 100 cรฉntimos. The peseta was introduced in the 19th century and remained in use for over a century.
Synonyms
Spanish currency, coin.
Examples of usage
- I exchanged my dollars for pesetas when I traveled to Spain.
- The price of the meal was 2,500 pesetas.
- Many collectors seek vintage pesetas from before the euro's introduction.
Translations
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Origin of 'peseta'
The term 'peseta' originates from the Catalan word 'peceta', which means 'small piece'. It was first used in the 19th century, specifically established as a currency unit in 1868. The peseta was introduced during a period when Spain was transitioning from a variety of local currencies to a unified national currency. The peseta was initially pegged to the French franc, but later it became mired in inflation and economic instability. Throughout its existence, the peseta went through various design changes and denominations. It remained in use until the euro was introduced in 2002, marking the end of its long-standing role as Spain's official currency. Although the peseta is no longer in circulation, it remains a significant part of Spain's financial history and is still remembered by those who lived through its usage.
Word Frequency Rank
This word's position of #33,679 indicates it's among the more rare English words. While understanding it broadens your vocabulary, focus on more common words first.
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- 33679 peseta
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