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    Home » Spain and the euro

    Spain and the euro

    eub2By eub23 February 2008 Euro No Comments2 Mins Read
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    — last modified 03 February 2008

    Spain joined the European Union in 1986 and was in the first-wave EU countries to adopt the euro on 1 January 1999.


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    Spain at a glance

    Surface area: 505 370 km2
    Population: 44 474 631 (Eurostat 2007)
    Joined the European Union: 1 January 1986
    Currency: Euro since 1 January 1999 (formerly Spanish peseta, ESP)

    Euro information

    Status: Euro-area member since 1 January 1999

    Fixed conversion rate: €1 = 166.386 ESP

    Adoption of the euro: The euro banknotes and coins were introduced in Spain on 1 January 2002, after a transitional period of three years when the euro was the official currency but only existed as ‘book money’. The dual circulation period – when both the Spanish peseta and the euro had legal tender status – ended on 28 February 2002.

    Exchange of former national currency: The Banco de España (national central bank of Spain) continues to exchange peseta notes and coins for an unlimited period.

    Opinion polls and surveys

    • Public opinion and the single currency (Eurobarometer website)

    Downloads

    • National sides of Spanish euro coins
    • Spanish commemorative coins

    Websites

    Euro websites

    • The Eurosystem and Notes and coins on the Bank of Spain website (also in English)
    • Aula virtual (Bank of Spain’s educational website)
    • Archived websites on the euro

    Institutions

    • Banco de España (Bank of Spain, also in English)
    • Bank customer’s portal (Bank of Spain, also in English)
    • Ministerio de Economía y Hacienda (Ministry of Economy and Finance, also in English and French)
    • Real Casa de la Moneda – Fábrica Nacional de Moneda y Timbre (Royal Spanish Mint, also in English)

    Business

    • Euro Info Centres Spain
    • Camaras Españolas de Comercio e Industria (Spanish Chambers of Commerce, Industry and Trade)

    Consumers

    • Organización de Consumidores y Usuarios – OCU (National Consumers’ Association)

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