Peseta: meaning, definitions and examples

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.

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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